Chubb (NYSE:CB) Cut to Hold at StockNews.com

Chubb (NYSE:CB) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other equities analysts have also weighed in on the company. Morgan Stanley increased their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Roth Mkm reiterated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research report on Wednesday. UBS Group increased their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Finally, Royal Bank of Canada raised their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

Shares of CB stock traded down $6.87 during mid-day trading on Wednesday, hitting $243.01. 3,184,853 shares of the stock traded hands, compared to its average volume of 1,748,423. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The firm has a market cap of $98.66 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The company’s 50-day simple moving average is $252.54 and its 200-day simple moving average is $235.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 earnings per share. As a group, equities research analysts expect that Chubb will post 21.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 in the last three months. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG boosted its stake in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Norges Bank acquired a new position in Chubb in the fourth quarter worth $957,756,000. Confluence Investment Management LLC acquired a new position in Chubb in the first quarter worth $165,932,000. Bank of Nova Scotia boosted its stake in Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.