Chubb’s (CB) Buy Rating Reaffirmed at Roth Mkm

Chubb (NYSE:CB)‘s stock had its “buy” rating restated by research analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They currently have a $280.00 price target on the financial services provider’s stock. Roth Mkm’s price target would suggest a potential upside of 12.05% from the stock’s current price.

Several other analysts have also recently issued reports on CB. Wells Fargo & Company increased their target price on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Raymond James boosted their price objective on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada boosted their target price on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Stock Performance

Shares of CB opened at $249.88 on Wednesday. Chubb has a one year low of $183.71 and a one year high of $260.58. The business has a fifty day moving average of $252.64 and a 200 day moving average of $235.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $101.45 billion, a P/E ratio of 11.45, a PEG ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the company posted $4.41 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb will post 21.32 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CB. Deutsche Bank AG lifted its position in Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Norges Bank purchased a new position in shares of Chubb during the 4th quarter worth $957,756,000. Confluence Investment Management LLC acquired a new position in shares of Chubb during the 1st quarter valued at about $165,932,000. Bank of Nova Scotia grew its holdings in shares of Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after purchasing an additional 518,535 shares during the period. Finally, Lazard Asset Management LLC increased its position in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the last quarter. Hedge funds and other institutional investors 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.