Chubb (NYSE:CB) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Chubb (NYSE:CB) had its price target upped by Keefe, Bruyette & Woods from $373.00 to $374.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 14.59% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Wolfe Research lifted their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a research note on Friday, March 27th. Citizens Jmp increased their target price on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday. Finally, Evercore lifted their target price on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $348.71.

Chubb Trading Down 0.9%

Shares of CB stock opened at $326.38 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $127.36 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The company has a 50-day moving average of $329.12 and a two-hundred day moving average of $309.37. Chubb has a 1-year low of $264.10 and a 1-year high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.24. Chubb had a net margin of 18.58% and a return on equity of 14.42%. The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the previous year, the firm earned $3.68 EPS. On average, analysts predict that Chubb will post 26.4 EPS for the current year.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its stake in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth about $29,000. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter worth about $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q1 operating beat — Chubb reported core operating income and EPS that topped consensus, with consolidated net premiums written up ~10.7%, strong P&C underwriting income and a reported P&C combined ratio of ~84.0%, supporting underlying profitability. Chubb press release
• Positive Sentiment: Underwriting & earnings strength highlighted by analysts and coverage pieces noting improved underwriting income, life investment income and revenue beats — supporting medium-term earnings power. Zacks: CB Q1 Earnings & Revenues Beat
• Positive Sentiment: Some brokers raised targets — Barclays nudged its PT to $375 and Citizens JMP raised its target to $365, signaling that a number of analysts still see upside from current levels. Barclays price-target note
• Neutral Sentiment: Earnings-call and transcript coverage are available for investor review — useful for parsing management’s forward commentary on pricing and exposure but not immediate market-moving facts by themselves. Seeking Alpha: Q1 call transcript TipRanks: earnings-call highlights
• Negative Sentiment: Investor concern over softening property-insurance market — CNBC and other coverage emphasize management comments and market signals that coverage rates are easing, competition is increasing and pricing momentum could slow, which is why the stock fell despite the headline beats. CNBC: Here’s why the stock is falling
• Negative Sentiment: GAAP noise and realized losses — some reports note a GAAP EPS miss driven by higher realized losses, which clouds the headline operating beat and raises near-term earnings volatility concerns. Seeking Alpha: GAAP EPS miss
• Negative Sentiment: Mixed analyst signals — Cantor Fitzgerald reaffirmed a neutral rating with a sub-current price target (~$315), adding to short-term pressure from differing sell?side views. Benzinga: Cantor Fitzgerald note

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.