Chubb (NYSE:CB) Price Target Raised to $333.00

Chubb (NYSE:CB) had its price objective boosted by Cantor Fitzgerald from $330.00 to $333.00 in a research note released on Wednesday morning, MarketBeat reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other analysts also recently weighed in on the company. Atlantic Securities set a $301.00 price objective on Chubb in a research report on Wednesday, July 15th. Barclays set a $387.00 target price on shares of Chubb in a report on Tuesday, July 7th. Mizuho decreased their target price on shares of Chubb from $352.00 to $347.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 16th. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $359.05.

Chubb Stock Down 0.8%

CB opened at $341.07 on Wednesday. The company has a market cap of $131.58 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.52 and a beta of 0.36. The business’s 50-day moving average price is $340.42 and its 200-day moving average price is $335.44. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb has a 12 month low of $265.30 and a 12 month high of $365.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the business posted $6.14 EPS. Chubb’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Chubb will post 27.48 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insider Activity at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

Several institutional investors and hedge funds have recently modified their holdings of the stock. South Plains Financial Inc. increased its holdings in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after buying an additional 34 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Chubb by 0.8% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after acquiring an additional 34 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of Chubb by 4.9% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 34 shares during the last quarter. Advisory Resource Group grew its position in shares of Chubb by 0.8% during the 4th quarter. Advisory Resource Group now owns 4,658 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 35 shares during the period. Finally, Bayban grew its position in shares of Chubb by 7.1% during the 1st quarter. Bayban now owns 544 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 36 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Evercore ISI raised its price target for Chubb to $383 from $374, suggesting continued confidence in the insurer’s earnings and valuation potential. Evercore ISI Adjusts Price Target on Chubb
• Positive Sentiment: Cantor Fitzgerald issued a positive forecast for CB, adding a supportive view from the analyst community. Cantor Fitzgerald Issues Positive Forecast for Chubb
• Positive Sentiment: Chubb was included among insurers positioned to benefit from the expansion of embedded insurance, a potentially favorable long-term distribution trend. Insurers to Focus on as Embedded Insurance Gains Momentum
• Neutral Sentiment: JPMorgan lowered its price target to $371 from $374 and shifted to a neutral rating. The new target still represents approximately 8.8% potential upside, but the downgrade in target and rating signals limited near-term conviction. JPMorgan Adjusts Chubb Price Target
• Neutral Sentiment: Barclays and Morgan Stanley both maintained hold-equivalent views on Chubb, reinforcing a wait-and-see stance among major firms. Barclays Hold Rating
• Negative Sentiment: Mizuho also cut its price target, adding to the recent pattern of valuation reductions and weighing on investor sentiment. Mizuho Cuts Chubb Price Target

Chubb Company Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.