Barclays Lowers Chubb (NYSE:CB) Price Target to $324.00

Chubb (NYSE:CB) had its target price reduced by investment analysts at Barclays from $349.00 to $324.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 20.29% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company raised their price objective on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $286.16.

Chubb Stock Performance

NYSE:CB traded down $2.37 during mid-day trading on Monday, reaching $269.36. The company’s stock had a trading volume of 939,550 shares, compared to its average volume of 1,000,435. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $108.58 billion, a P/E ratio of 11.03, a PEG ratio of 6.43 and a beta of 0.67. The firm’s fifty day moving average price is $280.87 and its two-hundred day moving average price is $278.05. Chubb has a 12-month low of $222.85 and a 12-month high of $302.05.

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

Hedge Funds Weigh In On Chubb

Hedge funds have recently made changes to their positions in the company. Ironwood Investment Counsel LLC increased its stake in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 35 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. First Financial Bank Trust Division boosted its stake in shares of Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its position in Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after acquiring an additional 40 shares in the last quarter. Finally, LVW Advisors LLC lifted its holdings in Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

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.