Chubb (NYSE:CB) Price Target Cut to $324.00 by Analysts at Barclays

Chubb (NYSE:CB - Get Free Report) had its price target lowered by analysts at Barclays from $349.00 to $324.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's target price indicates a potential upside of 21.25% from the stock's current price.

A number of other brokerages have also issued reports on CB. Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $286.16.

Chubb Stock Down 1.7 %

Chubb stock traded down $4.52 during midday trading on Monday, hitting $267.21. 2,587,206 shares of the stock were exchanged, compared to its average volume of 1,564,131. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50 day moving average price of $280.41 and a two-hundred day moving average price of $278.05. The firm has a market cap of $107.71 billion, a P/E ratio of 10.94, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb has a 1 year low of $222.85 and a 1 year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Chubb will post 21.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Private Advisor Group LLC grew its position in Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider's stock valued at $3,279,000 after buying an additional 2,250 shares in the last quarter. Savvy Advisors Inc. acquired a new position in Chubb during the 3rd quarter valued at about $721,000. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of Chubb by 14.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 16,636 shares of the financial services provider's stock worth $4,798,000 after buying an additional 2,102 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

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.