Chubb (NYSE:CB) Price Target Cut to $266.00 by Analysts at Wells Fargo & Company

Chubb (NYSE:CB) had its price objective reduced by equities researchers at Wells Fargo & Company from $269.00 to $266.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 4.11% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $287.26.

Chubb Stock Down 1.8 %

CB opened at $277.41 on Thursday. The business has a 50 day moving average of $288.23 and a 200-day moving average of $270.64. The stock has a market capitalization of $112.11 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 5.86 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb has a 1-year low of $215.54 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 EPS. As a group, sell-side analysts anticipate that Chubb will post 21.42 earnings per share for the current year.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last three months. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in CB. Mesirow Financial Investment Management Inc. lifted its holdings in Chubb by 24.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 2,842 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 550 shares in the last quarter. XML Financial LLC bought a new position in shares of Chubb during the third quarter worth about $205,000. Atria Investments Inc raised its position in Chubb by 5.4% in the 3rd quarter. Atria Investments Inc now owns 47,724 shares of the financial services provider’s stock valued at $13,763,000 after buying an additional 2,457 shares during the last quarter. Field & Main Bank lifted its stake in Chubb by 1.3% in the 3rd quarter. Field & Main Bank now owns 5,123 shares of the financial services provider’s stock valued at $1,477,000 after acquiring an additional 68 shares in the last quarter. Finally, Demars Financial Group LLC boosted its position in Chubb by 1.9% during the 3rd quarter. Demars Financial Group LLC now owns 19,956 shares of the financial services provider’s stock worth $5,755,000 after acquiring an additional 369 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

About Chubb

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.