Weiss Ratings Reiterates Buy (B) Rating for Chubb (NYSE:CB)

Key Points

• Weiss Ratings has reiterated its "buy (B)" rating for Chubb (NYSE:CB) amid various analysts adjusting their ratings, with a consensus rating of "Hold" and an average target price of $306.16.
• Chubb reported impressive quarterly earnings, with earnings per share of $7.49, significantly surpassing estimates, and a revenue of $14.87 billion, marking a 7.5% increase year-over-year.
• The stock is currently trading at $281.86, with a market cap of $112.38 billion, and has experienced a one-year trading range between a low of $252.16 and a high of $306.91.

Chubb (NYSE:CB - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other brokerages also recently commented on CB. Hsbc Global Res downgraded shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Wells Fargo & Company boosted their target price on shares of Chubb from $277.00 to $293.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, JMP Securities restated 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 issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $306.16.

Chubb Stock Performance

Chubb stock traded down $1.08 on Friday, hitting $281.86. The company's stock had a trading volume of 1,429,568 shares, compared to its average volume of 1,851,856. The firm has a market cap of $112.38 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $277.65 and a 200-day moving average price of $280.86. Chubb has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 16.53% and a return on equity of 12.93%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.72 EPS. On average, equities analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider's stock valued at $10,643,993,000 after acquiring an additional 210,053 shares in the last quarter. GQG Partners LLC lifted its position in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Geode Capital Management LLC lifted its position in Chubb by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider's stock valued at $2,541,771,000 after purchasing an additional 30,721 shares during the period. Bank of America Corp DE lifted its position in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the period. Institutional investors and hedge funds 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.

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