Is CB&I (NYSE:CB) Now a Good Investment? Robert W. Baird Upgrades Stock


CB&I (NYSE:CB) Stock Upgrade

Trading for shares of CB&I (NYSE:CB) should be followed closely this week, as Robert W. Baird hiked shares to a Outperform from a Neutral. Additionally analysts have announced a new price target of $52.0 which is 35.42% higher.

From a total of 17 analysts covering The Chubb Corporation (NYSE:CB) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 16 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is $147 while the lowest target price is $103. The mean of all analyst targets is $128.3 with a -34.27% below today’s ($130.54) stock price. The Chubb Corporation was the topic of 14 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup initiated shares on November 13 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $136 target share price in a report from an August 28. Tudor Pickering upgraded CB stock in a recent report from October 28 to “Buy” rating. Sterne Agee CRT initiated the rating on August 26. Sterne Agee CRT has a “Buy” rating and a $42.0 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on an October 20.

The stock increased 0.61% or $0.79 during the last trading session, striking $130.54. Approximately shares of stock traded hands. Chubb Corp (NYSE:CB) has risen 32.55% since May 12, 2015 and is uptrending. It has outperformed by 36.23% the S&P500.

The overall sentiment of institutions has decreased to 0.61 in Q2 2015. Its down 0.24, from 0.85 in 2015Q2. The ratio fall, as 91 institutions have sold all the shares of Chubb Corp that they owned while 355 funds have taken shares off the table. 116 funds have purchased shares for the first time while 156 added to their positions. These institutions now hold 190.00 million shares or 0.97% less than the 191.86 million shares they owned in 2015Q2.

The Fund Cincinnati Indemnity Co currently is holding shares equating to 15.09% of its total portfolio in Chubb Corp representing a total of 25,000 shares. Another fund,Tam Capital Management Inc., is holding a total of 60,313 shares equating to 13.26% of their holdings. Additionally, Csu Producer Resources Inc. has a 7,000 share stake in Chubb Corp which represents 7.51% of their total portfolio. The Fund, Signature Financial Management Inc., based out of Virginia, has also built up a stake in the stock, which represents a total of 6.53% of their total portfolio. Finally Hutchinson Capital Management Ca, a fund which is based in the state of California reported a total holdings of 148,026 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Chubb Corp have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $2.14 million . Korsgaard Mark P. sold 1,700 shares worth approximately $203,586. Pozzi Steven R. sold 7,500 shares worth approximately $939,492. Krump Paul J sold 7,964 shares worth approximately $994,783. Finnegan John D sold 95,645 shares worth approximately $9.58M.

The Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The company has a market cap of $29.46 billion. The property and casualty insurance subsidiaries underwrite insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. It has 15.03 P/E ratio.

According to Zacks Investment Research, “Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The property and casualty insurance subsidiaries provide insurance coverages principally in the United States, Canada, Europe and parts of Australia, Latin America and the Far East.”