Chubb (NYSE:CB) Price Target Raised to $350.00

Chubb (NYSE:CB) had its price target upped by Mizuho from $336.00 to $350.00 in a report released on Thursday morning, Marketbeat reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other analysts also recently commented on the company. Evercore restated an “outperform” rating and set a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. HSBC reiterated a “hold” rating and issued a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. The Goldman Sachs Group boosted their price target on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Piper Sandler upped their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Two equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $361.09.

Chubb Price Performance

CB opened at $355.16 on Thursday. Chubb has a 1 year low of $273.35 and a 1 year high of $365.91. The company’s 50 day simple moving average is $341.68 and its 200 day simple moving average is $337.44. The stock has a market capitalization of $137.02 billion, a PE ratio of 12.43, a P/E/G ratio of 1.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter in the prior year, the business posted $7.49 earnings per share. As a group, sell-side analysts expect that Chubb will post 28.33 EPS for the current year.

Chubb Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Chubb

Several hedge funds have recently modified their holdings of CB. Atticus Wealth Management LLC boosted its holdings in Chubb by 3.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 29 shares during the period. Freedom Day Solutions LLC grew its position in Chubb by 0.4% in the third quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 31 shares in the last quarter. Stock Yards Bank & Trust Co. raised its stake in shares of Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock valued at $1,338,000 after purchasing an additional 34 shares during the period. Baker Tilly Wealth Management LLC raised its stake in shares of Chubb by 4.9% during the third quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 34 shares during the period. Finally, Kennebec Savings Bank lifted its position in shares of Chubb by 1.1% during the third quarter. Kennebec Savings Bank now owns 3,055 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb News Roundup

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

About Chubb

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.