Chubb (NYSE:CB) Cut to "Hold" at Deutsche Bank Aktiengesellschaft

Chubb (NYSE:CB - Get Free Report) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note issued on Tuesday, Marketbeat reports. They currently have a $303.00 price target on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 2.96% from the company's current price.

Other equities analysts have also recently issued reports about the company. Barclays reduced their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Finally, JMP Securities reiterated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $307.53.

Chubb Stock Performance

Shares of CB stock opened at $294.29 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company's fifty day moving average price is $288.63 and its two-hundred day moving average price is $280.78. The firm has a market capitalization of $117.93 billion, a P/E ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57. Chubb has a 12 month low of $251.42 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, research analysts anticipate that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has initiated a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Insider Activity

In related news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.77% of the company's stock.

Institutional Trading of Chubb

Several hedge funds and other institutional investors have recently modified their holdings of the business. Peoples Bank KS acquired a new position in shares of Chubb in the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at $25,000. North Capital Inc. purchased a new position in shares of Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. purchased a new position in shares of Chubb during the 1st quarter valued at $31,000. Finally, 1248 Management LLC acquired a new position in shares of Chubb in the first quarter worth $31,000. Institutional investors and hedge funds 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.

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