Chubb (NYSE:CB) Given New $352.00 Price Target at Mizuho

Chubb (NYSE:CB) had its price target raised by analysts at Mizuho from $335.00 to $352.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Mizuho’s target price indicates a potential downside of 0.88% from the company’s previous close.

CB has been the topic of a number of other reports. Piper Sandler lifted their price target on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Keefe, Bruyette & Woods lifted their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group lowered their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, HSBC cut Chubb from a “buy” rating to a “hold” rating and lifted their price objective for the company from $370.00 to $373.00 in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $353.71.

Chubb Stock Performance

Shares of NYSE:CB opened at $355.12 on Thursday. The company has a market capitalization of $137.74 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.84 and a beta of 0.40. The firm’s 50 day simple moving average is $329.14 and its 200 day simple moving average is $324.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $365.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share 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, sell-side analysts forecast that Chubb will post 26.77 earnings per share for the current year.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC boosted its holdings in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Chubb during the 4th quarter worth about $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.