Chubb (NYSE:CB) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Chubb (NYSE:CB - Get Free Report) had its price target upped by stock analysts at Wells Fargo & Company from $278.00 to $285.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price target would indicate a potential upside of 1.90% from the stock's current price.

Several other equities research analysts have also weighed in on CB. Jefferies Financial Group increased their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $321.00 to $298.00 in a research note on Monday. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley increased their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.13.

Chubb Stock Performance

Shares of CB stock traded down $0.32 on Thursday, hitting $279.69. 332,553 shares of the stock traded hands, compared to its average volume of 1,638,270. Chubb has a 1-year low of $252.16 and a 1-year high of $306.91. 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's fifty day moving average is $287.67 and its 200 day moving average is $282.17. The company has a market capitalization of $112.08 billion, a PE ratio of 13.46, a PEG ratio of 3.11 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts predict that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its board has authorized a share buyback program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the transaction, the chief operating officer directly owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,390 shares of company stock valued at $29,163,135 over the last ninety days. Company insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after acquiring an additional 271,648 shares in the last quarter. FMR LLC raised its stake in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after acquiring an additional 91,892 shares in the last quarter. Capital World Investors raised its stake in shares of Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. GQG Partners LLC grew its holdings in Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after buying an additional 4,964,298 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after buying an additional 131,075 shares during 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.

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