Chubb’s (CB) Outperform Rating Reaffirmed at Royal Bank of Canada

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

A number of other equities research analysts have also recently weighed in on CB. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $289.78.

Chubb Stock Performance

NYSE:CB traded down $1.44 during mid-day trading on Thursday, reaching $274.39. The stock had a trading volume of 388,633 shares, compared to its average volume of 1,939,876. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50 day simple moving average of $275.63 and a 200 day simple moving average of $279.20. Chubb has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a market capitalization of $110.61 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that Chubb will post 21.95 earnings per share for the current fiscal year.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank lifted its holdings in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after buying an additional 4,757 shares during the last quarter. Barclays PLC increased its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC grew its position in Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after buying an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. bought a new position in Chubb during the third quarter valued at about $721,000. 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.