Chubb (NYSE:CB) PT Lowered to $285.00 at Royal Bank of Canada

Chubb (NYSE:CB - Get Free Report) had its target price decreased by stock analysts at Royal Bank of Canada from $295.00 to $285.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Royal Bank of Canada's target price would suggest a potential upside of 15.86% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. StockNews.com downgraded Chubb from a "buy" rating to a "hold" rating in a report on Wednesday. TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 1st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb has an average rating of "Moderate Buy" and a consensus target price of $266.89.

Chubb Trading Up 1.2 %

NYSE:CB traded up $2.98 during trading hours on Thursday, hitting $245.99. The company had a trading volume of 1,920,480 shares, compared to its average volume of 1,751,125. The company has a market capitalization of $99.87 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The stock has a 50-day moving average price of $252.54 and a 200 day moving average price of $235.21. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.41 EPS. On average, equities research analysts predict that Chubb will post 21.32 EPS for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Chubb news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 34,464 shares of the firm's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company's stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Chubb by 34.7% during the 3rd quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider's stock worth $226,000 after purchasing an additional 280 shares during the period. CX Institutional boosted its position in shares of Chubb by 3.2% during the third quarter. CX Institutional now owns 2,653 shares of the financial services provider's stock valued at $552,000 after buying an additional 82 shares during the period. Handelsbanken Fonder AB boosted its holdings in Chubb by 5.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 115,338 shares of the financial services provider's stock valued at $24,011,000 after acquiring an additional 5,520 shares during the period. Connecticut Wealth Management LLC boosted its holdings in Chubb by 18.1% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,780 shares of the financial services provider's stock valued at $787,000 after acquiring an additional 580 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Chubb by 5.2% during the 3rd quarter. Ballentine Partners LLC now owns 7,447 shares of the financial services provider's stock valued at $1,550,000 after acquiring an additional 369 shares during the period. 83.81% of the stock is owned by hedge funds and other 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.