Chubb (NYSE:CB – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also issued reports on CB. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Chubb in a research note on Tuesday, August 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Chubb in a research note on Wednesday, October 4th. They issued a “buy” rating and a $269.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research note on Monday, October 2nd. Morgan Stanley raised their price objective on shares of Chubb from $224.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, Jefferies Financial Group dropped their price objective on shares of Chubb from $217.00 to $215.00 in a research note on Friday, October 6th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.46.

Check Out Our Latest Stock Report on Chubb

Chubb Trading Up 0.7 %

CB traded up $1.50 during trading on Tuesday, reaching $221.81. 1,758,699 shares of the company’s stock were exchanged, compared to its average volume of 1,831,503. Chubb has a one year low of $183.40 and a one year high of $231.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $90.50 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.61. The firm has a fifty day moving average price of $219.55 and a two-hundred day moving average price of $206.93.

Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.74. The firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.16 billion. Chubb had a net margin of 14.58% and a return on equity of 14.26%. As a group, equities research analysts forecast that Chubb will post 19.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 17,810 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $218.76, for a total value of $3,896,115.60. Following the completion of the sale, the insider now owns 136,239 shares in the company, valued at approximately $29,803,643.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John J. Lupica sold 17,810 shares of Chubb stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $218.76, for a total transaction of $3,896,115.60. Following the completion of the sale, the insider now owns 136,239 shares in the company, valued at approximately $29,803,643.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 1,508 shares of Chubb stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total transaction of $329,694.04. Following the sale, the executive vice president now owns 49,940 shares of the company’s stock, valued at approximately $10,918,382.20. The disclosure for this sale can be found here. Insiders sold 37,128 shares of company stock worth $8,121,925 over the last 90 days. 0.37% of the stock is owned by insiders.

Institutional Trading of Chubb

A number of institutional investors have recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC lifted its stake in Chubb by 3.9% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 47 shares during the period. Innovis Asset Management LLC lifted its stake in Chubb by 1.7% during the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 47 shares during the period. Exeter Financial LLC lifted its stake in Chubb by 0.9% during the 2nd quarter. Exeter Financial LLC now owns 5,873 shares of the financial services provider’s stock valued at $1,128,000 after acquiring an additional 50 shares during the period. Citizens National Bank Trust Department lifted its stake in Chubb by 0.3% during the 3rd quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider’s stock valued at $3,363,000 after acquiring an additional 50 shares during the period. Finally, Clear Harbor Asset Management LLC lifted its stake in Chubb by 0.8% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 6,437 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 50 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Chubb Company Profile (Get Free Report)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

Further Reading

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Original: MarketBeat News Feed: StockNews.com Downgrades Chubb (NYSE:CB) to Hold