Chubb (NYSE:CB) Given New $302.00 Price Target at Jefferies Financial Group

Key Points

• Analysts at Jefferies Financial Group have raised their price target for Chubb from $297.00 to $302.00, reflecting an expected 8.38% upside from the last closing price.
• Chubb's latest quarterly earnings showed an impressive EPS of $7.49, significantly beating estimates of $5.51, with revenue also exceeding expectations at $14.87 billion.
• The consensus target price for Chubb among analysts is $307.44, with a mixed bag of ratings including one Strong Buy, seven Buy, twelve Hold, and one Sell.

Chubb (NYSE:CB - Get Free Report) had its price objective lifted by analysts at Jefferies Financial Group from $297.00 to $302.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's price objective points to a potential upside of 8.38% from the company's previous close.

A number of other equities research analysts also recently weighed in on CB. Keefe, Bruyette & Woods raised their price target on Chubb from $333.00 to $335.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Citigroup initiated coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Chubb in a research note on Wednesday, October 8th. Finally, Piper Sandler reissued a "neutral" rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and a consensus target price of $307.44.

Chubb Trading Up 0.8%

Chubb stock opened at $278.64 on Thursday. The company's fifty day simple moving average is $277.36 and its 200-day simple moving average is $280.74. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb has a 12 month low of $252.16 and a 12 month high of $306.91. The stock has a market cap of $111.09 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.03 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results 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. Chubb had a net margin of 16.53% and a return on equity of 13.23%. The business had revenue of $14.87 billion for the quarter, compared to analysts' expectations of $12.95 billion. During the same period in the previous year, the company posted $5.72 EPS. Chubb's revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat acquired 425 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company's stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Institutional Trading of Chubb

Institutional investors have recently modified their holdings of the company. North Capital Inc. acquired a new stake in shares of Chubb during the 1st quarter worth approximately $26,000. Harbor Capital Advisors Inc. boosted its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock valued at $26,000 after buying an additional 44 shares in the last quarter. IMA Advisory Services Inc. bought a new position in shares of Chubb during the first quarter valued at $31,000. 1248 Management LLC acquired a new stake in shares of Chubb in the 1st quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter valued at $33,000. 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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