Chubb (NYSE:CB) Upgraded at Hsbc Global Res

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

Several other research analysts have also recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday. Wells Fargo & Company reduced their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Price Performance

CB stock opened at $287.52 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $115.90 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb has a 52-week low of $238.85 and a 52-week high of $302.05. The stock’s fifty day simple moving average is $271.67 and its 200-day simple moving average is $280.11.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. Equities research analysts expect that Chubb will post 21.52 EPS for the current year.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Large investors have recently made changes to their positions in the stock. Demars Financial Group LLC boosted its holdings in shares of Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares during the period. Norges Bank bought a new stake in shares of Chubb in the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb during the 4th quarter worth approximately $1,158,897,000. Royal Bank of Canada lifted its stake in shares of Chubb by 46.7% in the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider’s stock valued at $1,217,392,000 after purchasing an additional 1,403,545 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new stake in Chubb in the fourth quarter valued at $336,972,000. 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.