Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Key Points

• Keefe, Bruyette & Woods raised the price target for Chubb (NYSE:CB) from $333 to $335, suggesting a potential upside of 20.23% from the stock's previous close, maintaining an "outperform" rating.
• Chubb's recent quarterly earnings surpassed estimates, reporting $7.49 per share and revenue of $14.87 billion, reflecting a 7.5% increase year-over-year.
• Major analysts' opinions on Chubb vary, with ratings ranging from "Strong Buy" to "Sell," and an average target price of $307.44.

Chubb (NYSE:CB - Get Free Report) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $333.00 to $335.00 in a report released on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 20.23% from the stock's previous close.

Several other analysts also recently issued reports on the company. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group upped their price objective on Chubb from $299.00 to $303.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research report on Wednesday, August 13th. Jefferies Financial Group upped their price objective on Chubb from $295.00 to $297.00 and gave the company a "hold" rating in a research report on Tuesday, October 7th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of "Hold" and an average target price of $307.44.

Chubb Trading Up 0.8%

NYSE:CB opened at $278.64 on Thursday. The firm has a market cap of $111.09 billion, a P/E ratio of 11.63, a PEG ratio of 3.03 and a beta of 0.54. 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 stock's 50 day simple moving average is $277.36 and its 200-day simple moving average is $280.74. Chubb has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts' consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a return on equity of 13.23% and a net margin of 16.53%.Chubb's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.72 earnings per share. Equities analysts anticipate that Chubb will post 21.52 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Corbat purchased 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chubb

A number of large investors have recently modified their holdings of CB. North Capital Inc. purchased a new position in Chubb in the first quarter valued at about $26,000. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. IMA Advisory Services Inc. purchased a new position in Chubb in the first quarter valued at about $31,000. 1248 Management LLC purchased a new position in Chubb in the first quarter valued at about $31,000. Finally, VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter valued at about $32,000. 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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