Chubb (NYSE:CB) Lowered to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Chubb (NYSE:CB) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Marketbeat reports. They presently have a $303.00 price target on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 2.96% from the company’s current price.

A number of other brokerages also recently weighed in on CB. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Barclays dropped their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $307.53.

Chubb Stock Performance

CB stock opened at $294.29 on Tuesday. The firm has a 50 day moving average of $288.63 and a two-hundred day moving average of $280.78. Chubb has a 12 month low of $251.42 and a 12 month high of $306.91. The company has a market capitalization of $117.93 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. As a group, equities analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Chubb announced that its board has authorized a share buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

Several institutional investors and hedge funds have recently made changes to their positions in CB. E Fund Management Co. Ltd. boosted its position in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock valued at $291,000 after buying an additional 36 shares in the last quarter. Rede Wealth LLC raised its stake in shares of Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 37 shares during the last quarter. Rise Advisors LLC boosted its holdings in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 37 shares in the last quarter. Sunflower Bank N.A. boosted its holdings in shares of Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 38 shares in the last quarter. Finally, Avantax Planning Partners Inc. grew its position in Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 38 shares during the last quarter. 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.