Chubb (NYSE:CB) Stock Price Target Lowered at Mizuho

Chubb (NYSE:CB) had its price objective lowered by equities research analysts at Mizuho from $347.00 to $336.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Mizuho’s price target points to a potential downside of 0.20% from the stock’s current price.

A number of other research firms have also recently commented on CB. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley dropped their price target on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Piper Sandler raised their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $359.00.

Chubb Stock Up 0.7%

Shares of NYSE CB traded up $2.46 on Wednesday, hitting $336.67. The company had a trading volume of 338,586 shares, compared to its average volume of 1,721,683. The company has a quick ratio of 0.29, a current 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. The firm has a market capitalization of $129.89 billion, a P/E ratio of 11.90, a PEG ratio of 1.46 and a beta of 0.36. The business has a 50 day moving average of $341.30 and a two-hundred day moving average of $335.17.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.Chubb’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.14 EPS. As a group, equities research analysts forecast that Chubb will post 27.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was 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 directly owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after buying an additional 5,225 shares during the period. Equitable Holdings Inc. purchased a new position in Chubb during the 2nd quarter valued at about $4,139,000. Berkshire Hathaway Inc acquired a new position in shares of Chubb in the 2nd quarter valued at about $11,670,067,000. XXEC Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at about $26,210,000. Finally, Glenview Trust Co purchased a new stake in shares of Chubb in the second quarter worth approximately $11,147,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.