Chubb (NYSE:CB) Stock Price Expected to Rise, Piper Sandler Analyst Says

Chubb (NYSE:CB) had its price target upped by stock analysts at Piper Sandler from $328.00 to $340.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 3.65% from the stock’s previous close.

Several other analysts have also commented on the stock. Barclays lifted their price objective on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Mizuho lowered their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Citizens Jmp boosted their price target on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Wolfe Research boosted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Stock Performance

Shares of CB stock opened at $328.03 on Tuesday. The firm has a market cap of $127.23 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52 week low of $264.10 and a 52 week high of $345.67. The firm’s 50-day simple moving average is $326.46 and its two-hundred day simple moving average is $316.38.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, equities analysts forecast that Chubb will post 26.78 earnings per share for the current year.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Institutional Trading of Chubb

Hedge funds and other institutional investors have recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares during the period. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter worth approximately $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Chubb during the 4th quarter worth approximately $31,000. Institutional investors own 83.81% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.