StockNews.com Downgrades Chubb (NYSE:CB) to Hold

Chubb (NYSE:CB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other research analysts also recently commented on the company. Morgan Stanley boosted their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. UBS Group boosted their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods boosted their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average target price of $266.89.

Chubb Trading Up 1.2 %

Shares of Chubb stock opened at $245.99 on Wednesday. The firm has a 50-day moving average of $252.44 and a 200-day moving average of $235.28. The stock has a market cap of $99.87 billion, a PE ratio of 10.92, a PEG ratio of 1.17 and a beta of 0.62. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

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

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the business’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 transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new stake in Chubb in the fourth quarter worth $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners bought a new stake in Chubb in the fourth quarter worth $32,000. Northwest Financial Advisors bought a new stake in Chubb in the fourth quarter worth $33,000. Finally, Naples Money Management LLC bought a new stake in Chubb in the fourth quarter worth $34,000. 83.81% of the stock is owned by hedge funds and other 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.