Chubb (NYSE:CB) Raised to Strong-Buy at Hsbc Global Res

Chubb (NYSE:CB) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other research analysts also recently commented on CB. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $354.00 price target for the company in a report on Friday. Wells Fargo & Company lifted their target price on Chubb from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Wolfe Research boosted their target price on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.81.

Chubb Stock Down 0.2%

CB stock opened at $300.60 on Friday. The company has a market cap of $118.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.14 and a beta of 0.51. Chubb has a twelve month low of $263.14 and a twelve month high of $316.94. The business has a 50 day moving average price of $303.22 and a two-hundred day moving average price of $285.89. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.72 EPS. Analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the transaction, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

A number of large investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its holdings in Chubb by 10.1% in the 4th quarter. Perigon Wealth Management LLC now owns 12,997 shares of the financial services provider’s stock valued at $4,057,000 after acquiring an additional 1,188 shares in the last quarter. Balboa Wealth Partners acquired a new stake in shares of Chubb during the 4th quarter worth $260,000. Omnia Family Wealth LLC increased its position in shares of Chubb by 30.4% in the fourth quarter. Omnia Family Wealth LLC now owns 982 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 229 shares during the period. FNY Investment Advisers LLC bought a new stake in Chubb during the fourth quarter worth about $156,000. Finally, Marquette Asset Management LLC grew its stake in Chubb by 167.3% during the fourth quarter. Marquette Asset Management LLC now owns 139 shares of the financial services provider’s stock worth $43,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.