Chubb (NYSE:CB) Price Target Raised to $366.00

Chubb (NYSE:CB) had its price target increased by Wells Fargo & Company from $343.00 to $366.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on the company. Evercore reaffirmed an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Finally, Citigroup reiterated a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $361.09.

Chubb Stock Down 2.4%

Shares of Chubb stock opened at $355.16 on Thursday. The stock’s fifty day moving average is $341.68 and its 200-day moving average is $337.44. The firm has a market capitalization of $137.02 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.22. Chubb has a 12-month low of $273.35 and a 12-month high of $365.91.

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

Chubb Announces Dividend

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

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction that occurred 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 sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CB. Sigma Planning Corp lifted its holdings in Chubb by 1.4% during the 3rd quarter. Sigma Planning Corp now owns 3,775 shares of the financial services provider’s stock valued at $1,228,000 after purchasing an additional 53 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Chubb by 7.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 49,496 shares of the financial services provider’s stock worth $16,129,000 after purchasing an additional 3,324 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Chubb by 42.1% in the third quarter. Simplicity Wealth LLC now owns 2,069 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 613 shares during the period. Carolina Wealth Advisors LLC increased its holdings in Chubb by 1,266.7% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 287 shares of the financial services provider’s stock valued at $93,000 after buying an additional 266 shares during the period. Finally, Gibbs Wealth Management raised its position in Chubb by 13.8% during the third quarter. Gibbs Wealth Management now owns 2,654 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 321 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Chubb

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 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.