Chubb (NYSE:CB) Earns “Buy” Rating from Roth Mkm

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

A number of other research firms also recently commented on CB. BMO Capital Markets raised their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. UBS Group raised their price target on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Piper Sandler reissued an “overweight” rating and issued a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Price Performance

Shares of NYSE:CB opened at $249.88 on Wednesday. The company has a market cap of $101.45 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.18 and a beta of 0.62. The business has a fifty day simple moving average of $252.64 and a 200-day simple moving average of $235.15. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

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

Insider Activity

In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a legal filing 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 Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several large investors have recently modified their holdings of CB. ZRC Wealth Management LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb during the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Chubb during the fourth quarter valued at about $32,000. Northwest Financial Advisors acquired a new position in shares of Chubb in the fourth quarter worth about $33,000. Finally, Naples Money Management LLC purchased a new position in shares of Chubb in the fourth quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors.

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.