Chubb (NYSE:CB) Stock Gets Price Target Boost from Mizuho

Chubb (NYSE:CB) had its price objective boosted by stock analysts at Mizuho from $336.00 to $350.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Mizuho’s target price indicates a potential downside of 1.36% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Wells Fargo & Company lowered their price target on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. The Goldman Sachs Group increased their price objective on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Piper Sandler lifted their price objective on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley cut 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. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $359.00.

Chubb Price Performance

Shares of CB stock opened at $354.81 on Thursday. Chubb has a twelve month low of $272.20 and a twelve month high of $365.91. The stock has a market capitalization of $136.89 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.57 and a beta of 0.36. The stock has a fifty day simple moving average of $341.06 and a two-hundred day simple moving average of $337.07. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last announced 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. The firm had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.71 billion. Chubb had a return on equity of 14.33% and a net margin of 18.15%. During the same quarter last year, the firm posted $7.49 earnings per share. On average, analysts predict that Chubb will post 27.72 EPS for the current fiscal year.

Insider Transactions at Chubb

In other news, EVP Joseph 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 value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction that occurred 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 transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Culbertson A N & Co. Inc. acquired a new stake in Chubb in the third quarter valued at approximately $3,624,000. NBT Bank N.A. purchased a new position in Chubb in the third quarter worth $1,735,000. Root Financial Partners LLC increased its position in shares of Chubb by 8.7% during the third quarter. Root Financial Partners LLC now owns 1,576 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 126 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Chubb by 43.9% during the third quarter. SBI Securities Co. Ltd. now owns 541 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 165 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at $461,000. Institutional investors own 83.81% of the company’s stock.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, well above the $6.77 consensus estimate, while revenue of $16.20 billion also exceeded expectations. Earnings increased from $7.49 per share a year earlier. Chubb third-quarter earnings report
• Positive Sentiment: Core operating income reached approximately $2.98 billion. Record investment income, higher life-insurance income, strong underwriting results and 6.7% growth in Overseas General property-and-casualty premiums supported the quarter. Chubb Q3 earnings beat estimates
• Positive Sentiment: Zacks upgraded CB to a Rank #2, or Buy, citing improving earnings prospects. That upgrade may provide near-term support for the shares. Chubb upgraded to Buy
• Neutral Sentiment: The consensus analyst price target is $358.36, only modestly above the current trading level, suggesting much of the positive earnings performance may already be reflected in the valuation. Chubb consensus price target
• Negative Sentiment: Catastrophe losses continued to pressure underwriting, while Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target—well below the current price. Analysts have also questioned whether Chubb’s strong results are fully reflected in its valuation. Chubb valuation analysis

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.