Wells Fargo & Company Issues Pessimistic Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price objective decreased by equities research analysts at Wells Fargo & Company from $268.00 to $264.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 1.62% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven 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 “Hold” and a consensus price target of $288.17.

Chubb Trading Up 1.1 %

NYSE:CB opened at $268.34 on Tuesday. The company has a market cap of $108.17 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. Chubb has a twelve month low of $226.06 and a twelve month high of $302.05. The business has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $278.16. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.95 earnings per share. As a group, analysts expect that Chubb will post 21.82 EPS for the current fiscal year.

Institutional Trading of Chubb

Several institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in shares of 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 acquiring an additional 35 shares during the period. Kozak & Associates Inc. acquired a new stake in Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter worth approximately $30,000. 83.81% of the stock is currently owned by institutional investors.

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.