Wells Fargo & Company Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB - Get Free Report) had its target price lifted by Wells Fargo & Company from $278.00 to $285.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 2.64% from the company's current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. UBS Group lifted their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lifted their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $307.13.

Chubb Price Performance

Chubb stock traded down $2.88 during mid-day trading on Thursday, reaching $277.66. 1,249,414 shares of the company were exchanged, compared to its average volume of 1,646,171. The company has a fifty day simple moving average of $287.42 and a 200-day simple moving average of $282.21. Chubb has a 12 month low of $252.16 and a 12 month 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 firm has a market cap of $111.27 billion, a PE ratio of 13.36, a PEG ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates 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. As a group, equities research analysts expect that Chubb will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its Board of Directors has approved a stock buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes 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 management believes its shares are undervalued.

Insider Activity

In other Chubb news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer directly owned 237,728 shares in the company, valued at $68,998,174.72. The trade was a 26.36% 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 worth $29,163,135 over the last ninety days. Company insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in 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 bought a new stake in Chubb in the 1st quarter valued at about $25,000. North Capital Inc. bought a new stake in Chubb in the 1st quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the 4th quarter valued at about $29,000. Finally, IMA Advisory Services Inc. bought a new stake in Chubb in the 1st quarter valued at about $31,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.