Chubb (NYSE:CB) Price Target Raised to $340.00

Chubb (NYSE:CB) had its price objective hoisted by JPMorgan Chase & Co. from $330.00 to $340.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other research firms have also issued reports on CB. Mizuho cut their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Roth Mkm boosted their price target on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Piper Sandler boosted their price target on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Jefferies Financial Group boosted their price target on shares of Chubb from $333.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $347.38.

Chubb Stock Down 1.1%

CB stock opened at $325.67 on Monday. Chubb has a 52-week low of $264.10 and a 52-week high of $345.67. The company’s 50 day simple moving average is $329.12 and its 200-day simple moving average is $309.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $127.09 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.75 and a beta of 0.49.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.24. Chubb had a net margin of 18.58% and a return on equity of 14.42%. The business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $13.51 billion. During the same quarter in the previous year, the business earned $3.68 earnings per share. As a group, equities research analysts anticipate that Chubb will post 26.4 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 13.70%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 44,877 shares of company stock valued at $14,885,226. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Large investors have recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb in the first quarter worth approximately $29,000. Harbor Capital Advisors Inc. grew its position in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Chubb in the fourth quarter worth approximately $31,000. 83.81% of the stock is owned by institutional investors.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Core operating performance beat expectations — Chubb reported core operating income/EPS and revenue above Street forecasts, with consolidated net premiums written up ~10.7%, P&C net premiums up, and a P&C combined ratio of ~84.0%, underscoring underwriting strength. Read More.
• Positive Sentiment: Underwriting and investment income strength — Analysts and reports highlight higher P&C underwriting profit, life income growth and improved combined ratio contributing to the beat, supporting Chubb’s core profitability trajectory. Read More.
• Positive Sentiment: Brokerage support and raised targets — Several firms raised price targets or reiterated positive views (Barclays raised its PT to $375; Citizens JMP raised its PT to $365), suggesting some analysts see meaningful upside from current levels. Read More.
• Neutral Sentiment: Earnings call transcript available — Management commentary is in the Q1 call transcript for investors to assess guidance, reserve trends and pricing commentary. (Review management tone for signs of property market stress.) Read More.
• Neutral Sentiment: Mixed analyst views — Some outlets/models (e.g., 24/7 Wall St.) see multi?quarter upside while others keep neutral stances; watch for divergence between quantitative models and sell?side price targets. Read More.
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a neutral rating with a lower $315 PT — an anchor for near?term sentiment and a reminder that some analysts remain cautious on upside from current levels. Read More.
• Negative Sentiment: Market reaction driven by signs of a softening property insurance market — CNBC reports investors are focused less on the beat and more on increasing competition and declining rates in property insurance, which could pressure P&C pricing and future margins. Read More.
• Negative Sentiment: GAAP EPS affected by realized losses — Some coverage notes a GAAP EPS miss or pressure from higher realized losses, creating earnings-quality concerns despite strong core operating results. That contributed to the stock pullback. Read More.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.