Chubb (NYSE:CB) Stock Rating Reaffirmed by Roth Mkm

Chubb (NYSE:CB)‘s stock had its “buy” rating reissued by equities 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 indicates a potential upside of 13.83% from the stock’s current price.

A number of other analysts also recently commented on CB. TD Cowen assumed coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Piper Sandler restated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Finally, UBS Group boosted 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. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Trading Up 1.2 %

Shares of NYSE:CB opened at $245.99 on Wednesday. The company has a 50 day moving average of $252.44 and a 200-day moving average of $235.28. The firm has a market cap of $99.87 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.17 and a beta of 0.62. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.41 EPS. As a group, analysts anticipate that Chubb will post 21.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several large investors have recently modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in Chubb during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb during the 4th quarter valued at $32,000. Northwest Financial Advisors acquired a new position in Chubb during the 4th quarter valued at $33,000. Finally, Naples Money Management LLC acquired a new position in Chubb during the 4th quarter valued at $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.