Chubb (NYSE:CB) had its price objective lowered by Citigroup from $157.00 to $150.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price suggests a potential upside of 18.81% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Deutsche Bank cut Chubb from a “hold” rating to a “sell” rating and cut their price objective for the company from $135.00 to $126.00 in a research note on Monday, August 13th. Atlantic Securities upgraded Chubb from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 27th. ValuEngine upgraded Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Wells Fargo & Co restated a “buy” rating and set a $169.00 price objective on shares of Chubb in a research note on Tuesday, July 24th. Finally, Barclays cut their price objective on Chubb from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $159.45.

Shares of NYSE CB opened at $126.25 on Friday. Chubb has a 52-week low of $123.23 and a 52-week high of $157.50. The company has a market cap of $61.91 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.06. Chubb had a return on equity of 7.41% and a net margin of 11.53%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Chubb’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Chubb will post 10.41 EPS for the current fiscal year.

In other news, CEO Evan G. Greenberg sold 227,994 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Insiders have sold 243,093 shares of company stock valued at $34,089,733 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Large investors have recently bought and sold shares of the company. Kidder Stephen W grew its holdings in Chubb by 0.7% in the 2nd quarter. Kidder Stephen W now owns 48,951 shares of the financial services provider’s stock worth $6,219,000 after buying an additional 360 shares in the last quarter. HL Financial Services LLC grew its holdings in Chubb by 16.6% in the 2nd quarter. HL Financial Services LLC now owns 2,635 shares of the financial services provider’s stock worth $335,000 after buying an additional 375 shares in the last quarter. Carnegie Capital Asset Management LLC grew its holdings in Chubb by 1.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 27,622 shares of the financial services provider’s stock worth $3,683,000 after buying an additional 383 shares in the last quarter. Intact Investment Management Inc. grew its holdings in Chubb by 12.1% in the 2nd quarter. Intact Investment Management Inc. now owns 3,700 shares of the financial services provider’s stock worth $470,000 after buying an additional 400 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Chubb by 6.5% in the 2nd quarter. Private Trust Co. NA now owns 6,689 shares of the financial services provider’s stock worth $849,000 after buying an additional 410 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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