Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $328.00 to $329.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 20.13% from the company’s current price.

A number of other analysts have also issued reports on CB. Morgan Stanley lifted their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday. Finally, Piper Sandler upped their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $289.83.

Chubb Stock Down 0.3 %

Chubb stock traded down $0.92 during midday trading on Friday, hitting $273.87. 410,865 shares of the stock were exchanged, compared to its average volume of 1,922,094. Chubb has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $110.39 billion, a P/E ratio of 12.06, a P/E/G ratio of 7.45 and a beta of 0.67. The company has a 50 day moving average price of $275.42 and a two-hundred day moving average price of $279.17.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. On average, sell-side analysts predict that Chubb will post 22.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC lifted 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 worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in shares of Chubb in the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership bought a new position in Chubb during the third quarter valued at about $29,000. Finally, Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter worth about $29,000. 83.81% of the stock is currently owned by 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.