6 hours Ago By ABMN Staff
Chubb ( NYSE:CB – Get Free Report ) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $316.00 to $314.00 in a note issued to investors on Thursday, Benzinga reports.
The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 12.52% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th.
HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.
00 price objective on shares of Chubb in a research note on Thursday, January 30th. Jefferies Financial Group lifted their target price on shares of Chubb from $307.00 to $308.
00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, Barclays cut their price target on Chubb from $324.00 to $321.
00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.
79. Get Our Latest Stock Analysis on Chubb Chubb Stock Down 1.0 % Chubb ( NYSE:CB – Get Free Report ) last posted its quarterly earnings data on Tuesday, April 22nd.
The financial services provider reported $3.68 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.
40. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.
22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.
63%. Research analysts anticipate that Chubb will post 21.52 EPS for the current year.
Insider Buying and Selling at Chubb In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.
45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.
75. This represents a 4.22 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th.
The stock was sold at an average price of $286.96, for a total value of $2,869,600.00.
Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.
40 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 63,470 shares of company stock worth $18,562,730 over the last 90 days.
Company insiders own 0.86% of the company’s stock. Institutional Investors Weigh In On Chubb Institutional investors have recently added to or reduced their stakes in the business.
Peoples Bank KS purchased a new position in shares of Chubb during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new stake in Chubb in the 4th quarter worth approximately $29,000.
Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the 4th quarter valued at approximately $29,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter valued at $30,000.
Institutional investors and hedge funds own 83.81% of the company’s stock. About Chubb ( Get Free Report ) 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. Read More Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter .
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