Chubb (NYSE:CB) Given New $300.00 Price Target at JPMorgan Chase & Co.

Chubb (NYSE:CB) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $296.00 to $300.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 10.11% from the company’s current price.

CB has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Finally, Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Two 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $288.39.

Chubb Stock Performance

Shares of CB stock opened at $272.46 on Wednesday. The stock has a market capitalization of $109.83 billion, a P/E ratio of 11.16, a PEG ratio of 7.23 and a beta of 0.67. The firm’s 50 day moving average is $275.77 and its 200 day moving average is $279.22. Chubb has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced 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 net margin of 18.32% and a return on equity of 15.46%. On average, sell-side analysts anticipate that Chubb will post 21.95 earnings per share for the current year.

Institutional Trading of Chubb

A number of institutional investors have recently bought and sold shares of CB. Continuum Advisory LLC boosted its stake in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.