Chubb (NYSE:CB) Price Target Increased to $281.00 by Analysts at Evercore ISI

Chubb (NYSE:CB) had its price target hoisted by equities research analysts at Evercore ISI from $270.00 to $281.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 14.32% from the stock’s previous close.

CB has been the subject of a number of other research reports. The Goldman Sachs Group lowered Chubb from a “buy” rating to a “neutral” rating and set a $222.00 price objective for the company. in a research report on Monday, January 8th. Keefe, Bruyette & Woods boosted their price target on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, Raymond James boosted their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.58.

Chubb Trading Up 0.5 %

NYSE:CB opened at $245.81 on Thursday. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The firm has a market capitalization of $99.80 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $252.64 and a 200 day simple moving average of $232.95.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Equities research analysts predict that Chubb will post 21.15 EPS for the current year.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new position in shares of Chubb during the fourth quarter valued at $25,000. IMA Wealth Inc. grew its holdings in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after buying an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Chubb during the third quarter valued at $28,000. ZRC Wealth Management LLC purchased a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb during the fourth quarter valued at $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.