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

Chubb (NYSE:CB)‘s stock had its “neutral” rating reiterated by equities researchers at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They presently have a $333.00 price target on the financial services provider’s stock. Cantor Fitzgerald‘s target price points to a potential downside of 6.34% from the company’s previous close.

Several other research firms also recently weighed in on CB. Morgan Stanley lowered their price objective on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Mizuho lowered their price objective on shares of Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. The Goldman Sachs Group upped their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Finally, Atlantic Securities set a $301.00 target price on shares of Chubb in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $358.36.

Chubb Stock Down 0.6%

CB traded down $2.22 during trading on Wednesday, hitting $355.54. 445,342 shares of the company’s stock were exchanged, compared to its average volume of 1,704,297. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $340.82 and its two-hundred day moving average is $336.89. Chubb has a fifty-two week low of $272.20 and a fifty-two week high of $365.91. The stock has a market cap of $137.17 billion, a P/E ratio of 12.58, a PEG ratio of 1.56 and a beta of 0.36.

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

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Connors sold 5,500 shares of the 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 of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

Several institutional investors and hedge funds have recently made changes to their positions in CB. XXEC Inc. bought a new position in Chubb during the second quarter valued at about $228,226,000. Berkshire Hathaway Inc bought a new position in Chubb during the second quarter valued at about $11,670,067,000. BlackRock Inc. bought a new position in Chubb during the second quarter valued at about $9,913,336,000. GQG Partners LLC bought a new position in Chubb during the second quarter valued at about $4,250,113,000. Finally, Bank of America Corp DE grew its position in 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 valued at $1,599,868,000 after buying an additional 147,876 shares during the period. 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: 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

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.