Chubb (NYSE:CB) Given New $389.00 Price Target at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $374.00 to $389.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 8.37% from the company’s previous close.

A number of other research analysts also recently issued reports on CB. Jefferies Financial Group reduced their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Evercore raised their price objective on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Wolfe Research raised their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $351.52.

Chubb Trading Up 0.7%

NYSE:CB opened at $358.96 on Wednesday. Chubb has a 52 week low of $264.10 and a 52 week high of $365.29. The firm has a 50-day moving average price of $328.53 and a two-hundred day moving average price of $323.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $139.23 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts expect that Chubb will post 26.77 earnings per share for the current fiscal year.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently modified their holdings of CB. CBIZ Investment Advisory Services LLC boosted its position in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the 3rd quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Chubb in the 4th quarter worth approximately $31,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.