Chubb (NYSE:CB) Price Target Cut to $371.00 by Analysts at JPMorgan Chase & Co.

Chubb (NYSE:CB) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $374.00 to $371.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 8.67% from the company’s previous close.

CB has been the topic of a number of other research reports. The Goldman Sachs Group boosted their price target on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Piper Sandler increased their price objective on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods upped their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Morgan Stanley decreased their price target on Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald lifted their price target on Chubb from $330.00 to $333.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $359.05.

Chubb Stock Down 0.7%

Chubb stock traded down $2.38 during midday trading on Friday, hitting $341.40. 602,181 shares of the company’s stock were exchanged, compared to its average volume of 1,716,888. The firm has a 50-day moving average of $340.62 and a two-hundred day moving average of $335.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $131.71 billion, a PE ratio of 12.07, a P/E/G ratio of 1.48 and a beta of 0.36. Chubb has a 12 month low of $265.30 and a 12 month high of $365.91.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that Chubb will post 27.41 earnings per share for the current fiscal year.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several large investors have recently modified their holdings of the stock. Riversedge Advisors LLC grew its position in Chubb by 18.3% during the third quarter. Riversedge Advisors LLC now owns 2,791 shares of the financial services provider’s stock worth $908,000 after buying an additional 431 shares during the period. Wedmont Private Capital boosted its position in Chubb by 3.3% during the third quarter. Wedmont Private Capital now owns 5,932 shares of the financial services provider’s stock worth $2,039,000 after purchasing an additional 189 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in Chubb by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock valued at $152,084,000 after purchasing an additional 451,173 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Chubb by 21.8% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 598 shares of the financial services provider’s stock worth $194,000 after buying an additional 107 shares during the last quarter. Finally, LifeGoal Investments LLC raised its holdings in shares of Chubb by 66.7% in the third quarter. LifeGoal Investments LLC now owns 1,404 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Evercore ISI raised its price target for Chubb to $383 from $374, indicating greater confidence in the insurer’s potential upside. Evercore ISI Adjusts Price Target on Chubb
• Positive Sentiment: Cantor Fitzgerald issued a positive forecast for Chubb, offering additional support for the bullish case. Cantor Fitzgerald Issues Positive Forecast for Chubb
• Positive Sentiment: Chubb was included among insurers positioned to benefit from the expanding embedded-insurance market, a distribution trend that could support long-term premium growth. Insurers to Focus on as Embedded Insurance Gains Momentum
• Neutral Sentiment: Zacks highlighted Chubb as a heavily watched stock and examined whether it represents a buy opportunity, but the article is primarily an analytical review rather than a new company catalyst. Is Chubb a Buy Now?
• Neutral Sentiment: Barclays maintained a “Hold” rating, suggesting the firm sees balanced risk and reward at current valuation levels. Barclays Maintains Hold Rating
• Neutral Sentiment: Morgan Stanley also assigned a “Hold” rating, reinforcing the lack of broad analyst conviction for near-term outperformance. Morgan Stanley Holds Chubb Rating
• Neutral Sentiment: Recent market updates showed Chubb trading near its prior level, with its market capitalization reported at approximately $129.7 billion. Chubb Market Update
• Negative Sentiment: Mizuho cut its price target for Chubb, signaling reduced expectations for the stock’s potential appreciation and likely weighing on 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.