The Goldman Sachs Group Boosts Chubb (NYSE:CB) Price Target to $254.00

Chubb (NYSE:CB) had its price target hoisted by analysts at The Goldman Sachs Group from $228.00 to $254.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 3.33% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Royal Bank of Canada boosted their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. HSBC restated a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.58.

Chubb Stock Performance

Shares of CB opened at $245.81 on Friday. The stock has a 50-day simple moving average of $252.64 and a 200-day simple moving average of $233.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $99.80 billion, a PE ratio of 11.26, a PEG ratio of 1.16 and a beta of 0.62. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, analysts predict that Chubb will post 21.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 34,464 shares of the company’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 transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

Large investors have recently made changes to their positions in the stock. Americana Partners LLC purchased a new position in shares of Chubb in the 3rd quarter valued at about $292,000. Lazard Asset Management LLC increased its holdings in Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Chubb during the 4th quarter valued at about $1,403,000. Finally, Royal Bank of Canada increased its holdings in Chubb by 14.1% during the 3rd quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider’s stock valued at $322,857,000 after acquiring an additional 191,317 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.