Chubb (NYSE:CB) Receives "Market Outperform" Rating from JMP Securities

Key Points

• Chubb's stock received a "market outperform" rating from JMP Securities, with a price target of $325.00, indicating a potential upside of 20.65% from its current price.
• The company reported earnings of $7.49 per share for the latest quarter, significantly exceeding analysts' estimates of $5.51, with revenue also beating expectations at $14.87 billion.
• Chubb's consensus rating is "Hold," with two analystsone analyst issued a Sell rating.

Chubb (NYSE:CB - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $325.00 price target on the financial services provider's stock. JMP Securities' target price would suggest a potential upside of 20.65% from the company's current price.

A number of other research analysts also recently weighed in on the company. Evercore ISI lifted their price target on Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Bank of America boosted their target price on Chubb from $276.00 to $279.00 and gave the company an "underperform" rating in a research note on Monday, October 13th. JPMorgan Chase & Co. boosted their target price on Chubb from $321.00 to $327.00 and gave the company a "neutral" rating in a research note on Thursday, October 9th. Wells Fargo & Company boosted their target price on Chubb from $267.00 to $277.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Finally, UBS Group lowered their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $305.28.

Chubb Stock Performance

Shares of CB stock opened at $269.37 on Wednesday. Chubb has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $107.40 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 3.02 and a beta of 0.54. The stock's fifty day simple moving average is $277.33 and its 200-day simple moving average is $280.77.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts' consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the company posted $5.72 earnings per share. Chubb's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Chubb will post 21.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction on Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Large investors have recently made changes to their positions in the business. North Capital Inc. acquired a new position in shares of Chubb during the 1st quarter worth about $26,000. Harbor Capital Advisors Inc. lifted its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock worth $26,000 after purchasing an additional 44 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Chubb during the 1st quarter worth about $31,000. 1248 Management LLC acquired a new position in shares of Chubb during the 1st quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth about $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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