Chubb (NYSE:CB) Price Target Raised to $333.00 at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised Chubb's price target from $324.00 to $333.00, indicating a potential upside of 16.84% from the stock's previous close, while maintaining an "outperform" rating.
• While some analysts like HSBC and Barclays have downgraded their ratings and price targets for Chubb, others have assigned a "strong-buy" or "buy" rating, reflecting mixed sentiment among analysts.
• Chubb's recent quarterly earnings report revealed an earnings per share of $6.14, surpassing analysts' expectations, with a year-over-year revenue increase of 6.3% to $14.20 billion.

Chubb (NYSE:CB - Get Free Report) had its target price increased by Keefe, Bruyette & Woods from $324.00 to $333.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 16.84% from the company's previous close.

Other analysts also recently issued reports about the company. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and cut their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Morgan Stanley decreased their target price on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Wolfe Research upgraded Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Citigroup began coverage on Chubb in a research note on Wednesday, August 13th. They set a "buy" rating and a $326.00 price objective on the stock. Finally, Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $303.72.

Chubb Stock Up 1.3%

Shares of NYSE:CB opened at $285.00 on Monday. Chubb has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market capitalization of $113.62 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.20 and a beta of 0.54. The stock has a 50 day moving average price of $274.76 and a 200-day moving average price of $282.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the company earned $5.38 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Insider Transactions at Chubb

In related news, Director Michael Corbat bought 425 shares of the company's stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company's stock.

Institutional Trading of Chubb

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the 1st quarter worth $25,000. North Capital Inc. purchased a new position in Chubb in the 1st quarter worth $26,000. IMA Advisory Services Inc. purchased a new position in Chubb in the 1st quarter worth $31,000. 1248 Management LLC purchased a new position in Chubb in the 1st quarter worth $31,000. Finally, WPG Advisers LLC purchased a new position in Chubb in the 1st quarter worth $33,000. Institutional investors and hedge funds own 83.81% of the company's stock.

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.

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