Chubb (NYSE:CB) Upgraded at Hsbc Global Res

Chubb (NYSE:CB) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Several other equities analysts have also weighed in on CB. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. UBS Group increased their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. The Goldman Sachs Group upgraded shares of Chubb from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $309.00 to $351.00 in a research report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $324.76.

Chubb Price Performance

NYSE:CB opened at $300.60 on Friday. Chubb has a 12-month low of $263.14 and a 12-month high of $316.94. The firm has a market capitalization of $118.30 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.15 and a beta of 0.51. The stock’s 50 day moving average price is $303.22 and its two-hundred day moving average price is $285.92. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the previous year, the firm earned $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Insider Activity

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the transaction, the insider owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after buying an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter valued at $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at $32,000. Finally, Cornerstone Planning Group LLC grew its position in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

About Chubb

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.