Chubb (NYSE:CB) Price Target Raised to $328.00 at Keefe, Bruyette & Woods

Chubb (NYSE:CB) had its target price increased by equities research analysts at Keefe, Bruyette & Woods from $320.00 to $328.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 27.62% from the stock’s current price.

CB has been the topic of several other reports. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $286.58.

Chubb Trading Down 3.6 %

Shares of CB traded down $9.63 during midday trading on Friday, reaching $257.02. The company had a trading volume of 1,407,397 shares, compared to its average volume of 1,700,366. Chubb has a 1-year low of $224.74 and a 1-year high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $279.37 and a 200-day simple moving average of $277.92. The stock has a market cap of $103.60 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 EPS. Chubb’s revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Chubb will post 21.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Chubb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.