Chubb (NYSE:CB) Downgraded to “Neutral” at UBS Group

Chubb (NYSE:CB) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Thursday, May 23rd, MarketBeat reports. They currently have a $154.00 price target on the financial services provider’s stock, up from their previous price target of $146.00. UBS Group’s price objective indicates a potential upside of 2.49% from the stock’s current price.

A number of other research firms have also commented on CB. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Barclays lifted their target price on Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Wells Fargo & Co restated a “buy” rating and set a $157.00 price objective on shares of Chubb in a report on Tuesday, April 30th. Sandler O’Neill downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Credit Suisse Group downgraded Chubb from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $141.00 to $131.00 in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $150.10.

NYSE CB traded up $1.42 on Thursday, hitting $150.26. 1,161,200 shares of the company were exchanged, compared to its average volume of 1,474,177. The company has a market cap of $68.39 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.76. Chubb has a 1-year low of $119.54 and a 1-year high of $150.53. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.05. Chubb had a return on equity of 8.76% and a net margin of 11.55%. The company had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the business earned $2.34 earnings per share. On average, equities analysts expect that Chubb will post 10.56 earnings per share for the current year.

In other Chubb news, insider Paul J. Krump sold 3,450 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the sale, the insider now owns 139,160 shares in the company, valued at approximately $20,178,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul J. Krump sold 4,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $150.00, for a total value of $600,000.00. Following the completion of the transaction, the insider now directly owns 123,865 shares of the company’s stock, valued at approximately $18,579,750. The disclosure for this sale can be found here. Insiders have sold a total of 126,498 shares of company stock worth $18,684,573 in the last ninety days. Insiders own 0.47% of the company’s stock.

Several large investors have recently made changes to their positions in CB. Deutsche Bank AG boosted its holdings in shares of Chubb by 28.5% in the fourth quarter. Deutsche Bank AG now owns 1,006,879 shares of the financial services provider’s stock valued at $130,059,000 after purchasing an additional 223,100 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Chubb by 3.4% during the 1st quarter. JPMorgan Chase & Co. now owns 6,205,421 shares of the financial services provider’s stock worth $869,256,000 after buying an additional 203,528 shares during the last quarter. Strategic Advisors LLC increased its holdings in shares of Chubb by 47.7% during the 1st quarter. Strategic Advisors LLC now owns 2,936 shares of the financial services provider’s stock worth $411,000 after buying an additional 948 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Chubb by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after buying an additional 417,887 shares during the last quarter. Finally, Connable Office Inc. acquired a new stake in shares of Chubb during the 1st quarter worth approximately $1,192,000. 89.04% of the stock is owned by hedge funds and other institutional investors.

Chubb Company Profile

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

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Analyst Recommendations for Chubb (NYSE:CB)

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