Chubb’s (CB) Neutral Rating Reaffirmed at Cantor Fitzgerald

Chubb (NYSE:CB)‘s stock had its “neutral” rating reissued by Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They currently have a $333.00 price objective on the financial services provider’s stock. Cantor Fitzgerald‘s price target indicates a potential downside of 6.47% from the company’s current price.

A number of other research analysts have also recently weighed in on CB. Citizens Jmp restated a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. JPMorgan Chase & Co. decreased their price target on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company decreased their price target on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Finally, Atlantic Securities set a $301.00 price target on shares of Chubb in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $358.36.

Chubb Stock Down 0.5%

Shares of CB traded down $1.71 on Wednesday, hitting $356.04. 434,763 shares of the stock traded hands, compared to its average volume of 1,704,297. Chubb has a one year low of $272.20 and a one year high of $365.91. 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 business has a 50 day simple moving average of $340.82 and a 200 day simple moving average of $336.89. The company has a market capitalization of $137.36 billion, a PE ratio of 12.60, a P/E/G ratio of 1.56 and a beta of 0.36.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.79 by $0.87. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.71 billion. During the same quarter in the previous year, the firm posted $7.49 EPS. As a group, equities analysts forecast that Chubb will post 27.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This 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 stock in a transaction on Friday, August 21st. The stock was 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 $4,417,035. The trade was a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

Large investors have recently bought and sold shares of the business. Berkshire Hathaway Inc acquired a new stake in shares of Chubb during the second quarter worth about $11,670,067,000. BlackRock Inc. acquired a new stake in shares of Chubb during the second quarter worth about $9,913,336,000. GQG Partners LLC acquired a new stake in shares of Chubb during the second quarter worth about $4,250,113,000. Bank of America Corp DE raised its position in shares of Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Chubb by 74.3% during the first quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after purchasing an additional 1,457,992 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, exceeding the $6.79 consensus estimate and rising from $7.49 a year earlier. Revenue also surpassed expectations at $16.20 billion versus $15.71 billion, supported by stronger underwriting income and growth in net premiums written. Chubb beats Q3 profit estimates on strong underwriting income
• Positive Sentiment: The insurer posted a 18.10% net margin and 14.47% return on equity, reinforcing the strength of its operating performance. The earnings beat may provide fundamental support for the stock. Chubb Q3 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Market commentary indicates that Chubb’s strong third-quarter performance is already reflected in its valuation. With shares trading near their 52-week high and a forward earnings outlook of roughly $27.72 per share, additional upside may require further earnings growth. Chubb: Strong Q3 Reflected In Valuation
• Negative Sentiment: Cantor Fitzgerald reaffirmed its “neutral” rating and set a $333 price target, implying approximately 6.2% downside from the recent trading level. The target may be weighing on the stock after the earnings-driven rally. Cantor Fitzgerald rating update

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.