Barclays Issues Pessimistic Forecast for Chubb (NYSE:CB) Stock Price

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

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods boosted their target price on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $286.16.

Chubb Trading Down 0.9 %

NYSE CB traded down $2.37 on Monday, reaching $269.36. The company had a trading volume of 939,550 shares, compared to its average volume of 1,000,435. The stock has a market cap of $108.58 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 6.43 and a beta of 0.67. Chubb has a 52 week low of $222.85 and a 52 week high of $302.05. The stock’s 50 day moving average is $280.87 and its 200-day moving average is $278.05. 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 posted its quarterly earnings data 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. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.95 earnings per share. Equities analysts predict that Chubb will post 21.82 earnings per share for the current year.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Chubb by 97.9% in 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 during the period. Private Advisor Group LLC raised its holdings in Chubb by 21.2% in the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. Savvy Advisors Inc. purchased a new position in shares of Chubb during the third quarter valued at approximately $721,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of Chubb by 14.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 16,636 shares of the financial services provider’s stock worth $4,798,000 after buying an additional 2,102 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other 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.