Chubb Limited (NYSE:CB) Stock Has Consensus Price Target of $358.36

Chubb Limited (NYSE:CB) has been assigned a consensus rating of “Hold” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $361.09.

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a report on Friday, October 16th. Wells Fargo & Company increased their target price on shares of Chubb from $343.00 to $366.00 and gave the company an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup reissued a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research report on Wednesday. Finally, UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th.

Insider Activity at Chubb

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

Hedge Funds Weigh In On Chubb

Hedge funds have recently made changes to their positions in the business. XXEC Inc. acquired a new stake in Chubb during the 2nd quarter worth $228,226,000. Berkshire Hathaway Inc bought a new stake in shares of Chubb during the 2nd quarter valued at $11,670,067,000. BlackRock Inc. acquired a new stake in shares of Chubb during the second quarter worth $9,913,336,000. GQG Partners LLC acquired a new stake in shares of Chubb during the second quarter worth $4,250,113,000. Finally, Bank of America Corp DE acquired a new stake in shares of Chubb during the second quarter worth $1,545,084,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Chubb Trading Down 2.4%

Shares of CB stock opened at $355.16 on Friday. The firm has a market capitalization of $137.02 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.36. Chubb has a 1 year low of $273.35 and a 1 year high of $365.91. The firm’s fifty day simple moving average is $341.68 and its 200 day simple moving average is $337.44. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period in the prior year, the firm earned $7.49 EPS. As a group, sell-side analysts predict that Chubb will post 27.83 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.28%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.