Chubb (NYSE:CB) Price Target Lowered to $294.00 at Keefe, Bruyette & Woods

Chubb (NYSE:CB - Get Free Report) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $297.00 to $294.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 16.69% from the stock's current price.

A number of other equities research analysts have also recently commented on CB. Roth Mkm restated a "buy" rating and set a $280.00 target price on shares of Chubb in a research note on Wednesday, April 24th. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the company an "outperform" rating in a research report on Thursday, April 11th. UBS Group increased their target price on Chubb from $245.00 to $256.00 and gave the stock a "neutral" rating in a research report on Monday, February 5th. JMP Securities reissued a "market outperform" rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $266.74.

Chubb Stock Performance

NYSE:CB traded down $0.10 on Tuesday, hitting $251.95. The stock had a trading volume of 1,212,354 shares, compared to its average volume of 1,726,294. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The stock has a market cap of $102.31 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $251.85 and its two-hundred day simple moving average is $237.76.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm earned $4.41 earnings per share. The company's quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts predict that Chubb will post 21.18 earnings per share for the current year.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company's stock, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now owns 95,252 shares of the company's stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,863 shares of company stock worth $28,007,307. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Meeder Advisory Services Inc. raised its position in shares of Chubb by 1.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 5,834 shares of the financial services provider's stock worth $1,512,000 after acquiring an additional 82 shares in the last quarter. NorthRock Partners LLC lifted its position in Chubb by 4.5% during the 1st quarter. NorthRock Partners LLC now owns 1,713 shares of the financial services provider's stock worth $444,000 after acquiring an additional 74 shares during the period. Choate Investment Advisors boosted its position in Chubb by 3.4% in the first quarter. Choate Investment Advisors now owns 3,337 shares of the financial services provider's stock valued at $865,000 after buying an additional 110 shares during the last quarter. Fiduciary Family Office LLC acquired a new stake in shares of Chubb in the first quarter worth $300,000. Finally, Regency Capital Management Inc. DE grew its position in Chubb by 336.1% during the 1st quarter. Regency Capital Management Inc. DE now owns 11,619 shares of the financial services provider's stock worth $3,011,000 after purchasing an additional 8,955 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

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.