Chubb (NYSE:CB) Given Outperform Rating at Royal Bank of Canada

Chubb (NYSE:CB)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $320.00 target price on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.62% from the company’s current price.

CB has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group boosted 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 restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday. Finally, Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $289.78.

Chubb Stock Down 0.5 %

Chubb stock traded down $1.44 during trading hours on Thursday, hitting $274.39. The stock had a trading volume of 388,633 shares, compared to its average volume of 1,939,876. The stock has a market capitalization of $110.61 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. 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 stock’s 50-day moving average price is $275.63 and its 200-day moving average price is $279.20. Chubb has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Equities research analysts anticipate that Chubb will post 21.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ironwood Investment Counsel LLC raised its holdings in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after buying an additional 35 shares during the period. Continuum Advisory LLC raised its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. First Financial Bank Trust Division boosted its position in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares during the period. Rede Wealth LLC grew its stake in shares of Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after buying an additional 37 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Company Profile

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.