Chubb (NYSE:CB) Stock Rating Upgraded by Hsbc Global Res

Chubb (NYSE:CB) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

CB has been the topic of several other reports. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday. Finally, Barclays dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Performance

Shares of CB stock opened at $287.52 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $271.67 and a two-hundred day simple moving average of $280.11. Chubb has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market capitalization of $115.90 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts forecast that Chubb will post 21.52 EPS for the current fiscal year.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several hedge funds and other institutional investors have recently bought and sold shares of CB. Park Square Financial Group LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $88,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Chubb during the fourth quarter worth about $108,451,000. Talaria Asset Management Pty Ltd acquired a new position in Chubb during the 4th quarter worth $15,804,000. Capital A Wealth Management LLC acquired a new stake in shares of Chubb in the 4th quarter valued at $37,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in Chubb by 0.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 9,104 shares of the financial services provider’s stock valued at $2,524,000 after purchasing an additional 49 shares during 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.