Chubb (NYSE:CB) Given New $254.00 Price Target at The Goldman Sachs Group

Chubb (NYSE:CB - Get Free Report) had its price objective boosted by investment analysts at The Goldman Sachs Group from $228.00 to $254.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. The Goldman Sachs Group's target price would suggest a potential upside of 3.33% from the stock's previous close.

Several other analysts have also issued reports on CB. JMP Securities increased their price objective on Chubb from $250.00 to $280.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 31st. StockNews.com upgraded Chubb from a "hold" rating to a "buy" rating in a report on Saturday, March 30th. Wells Fargo & Company raised their target price on Chubb from $234.00 to $255.00 and gave the company an "equal weight" rating in a report on Thursday, February 1st. TD Cowen initiated coverage on Chubb in a report on Wednesday, January 10th. They set a "market perform" rating and a $254.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $264.58.

Chubb Stock Up 0.5 %

Shares of NYSE:CB traded up $1.28 during midday trading on Friday, hitting $245.81. 1,506,616 shares of the stock were exchanged, compared to its average volume of 1,728,334. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The business's fifty day simple moving average is $252.66 and its two-hundred day simple moving average is $232.71. The company has a market capitalization of $99.80 billion, a PE ratio of 11.24, a P/E/G ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. As a group, research analysts predict that Chubb will post 21.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

Institutional investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in Chubb during the fourth quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the fourth quarter worth about $29,000. BOK Financial Private Wealth Inc. bought a new position in Chubb during the third quarter worth about $28,000. IMA Wealth Inc. lifted its stake in Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider's stock worth $27,000 after purchasing an additional 102 shares during the period. Finally, ZRC Wealth Management LLC bought a new position in Chubb during the fourth quarter worth about $29,000. 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.