Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its target price upped by Deutsche Bank Aktiengesellschaft from $304.00 to $330.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

CB has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. UBS Group restated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th. Wolfe Research upped their price objective on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company increased their target price on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $342.05.

Chubb Trading Up 1.2%

Chubb stock opened at $326.48 on Monday. Chubb has a 1 year low of $264.10 and a 1 year high of $345.67. The firm’s 50-day moving average is $321.64 and its 200-day moving average is $301.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $127.38 billion, a P/E ratio of 12.69, a PEG ratio of 2.02 and a beta of 0.46.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.02 EPS. On average, equities analysts expect that Chubb will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,877 shares of company stock valued at $14,885,226 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several institutional investors have recently bought and sold shares of CB. Brighton Jones LLC lifted its stake in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the fourth quarter valued at approximately $205,000. Woodline Partners LP raised its holdings in Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Chubb in the second quarter worth approximately $834,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

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.