JPMorgan Chase & Co. Issues Pessimistic Forecast for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $374.00 to $371.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.67% from the stock’s previous close.

CB has been the topic of a number of other reports. The Goldman Sachs Group increased their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. HSBC reiterated a “hold” rating and set a $359.00 target price on shares of Chubb in a research report on Wednesday. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $359.05.

Chubb Price Performance

CB traded down $2.38 on Friday, reaching $341.40. The stock had a trading volume of 602,181 shares, compared to its average volume of 1,716,888. The firm has a 50-day moving average of $340.62 and a 200-day moving average of $335.40. 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 has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a market capitalization of $131.71 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.48 and a beta of 0.36.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.Chubb’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 earnings per share. As a group, sell-side analysts anticipate that Chubb will post 27.41 EPS for the current year.

Insider Activity

In related news, Director Michael Connors sold 5,500 shares of the business’s 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 completion of the transaction, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was 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 directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently bought and sold shares of CB. Berkshire Hathaway Inc purchased a new position in shares of Chubb during the 2nd quarter valued at $11,670,067,000. BlackRock Inc. purchased a new stake in Chubb during the 2nd quarter valued at approximately $9,913,336,000. GQG Partners LLC bought a new stake in Chubb in the 2nd quarter valued at $4,250,113,000. Bank of America Corp DE grew its holdings in Chubb by 3.1% during the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Chubb by 74.3% during the 1st 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 acquiring an additional 1,457,992 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Evercore ISI raised its price target for Chubb to $383 from $374, indicating greater confidence in the insurer’s potential upside. Evercore ISI Adjusts Price Target on Chubb
• Positive Sentiment: Cantor Fitzgerald issued a positive forecast for Chubb, offering additional support for the bullish case. Cantor Fitzgerald Issues Positive Forecast for Chubb
• Positive Sentiment: Chubb was included among insurers positioned to benefit from the expanding embedded-insurance market, a distribution trend that could support long-term premium growth. Insurers to Focus on as Embedded Insurance Gains Momentum
• Neutral Sentiment: Zacks highlighted Chubb as a heavily watched stock and examined whether it represents a buy opportunity, but the article is primarily an analytical review rather than a new company catalyst. Is Chubb a Buy Now?
• Neutral Sentiment: Barclays maintained a “Hold” rating, suggesting the firm sees balanced risk and reward at current valuation levels. Barclays Maintains Hold Rating
• Neutral Sentiment: Morgan Stanley also assigned a “Hold” rating, reinforcing the lack of broad analyst conviction for near-term outperformance. Morgan Stanley Holds Chubb Rating
• Neutral Sentiment: Recent market updates showed Chubb trading near its prior level, with its market capitalization reported at approximately $129.7 billion. Chubb Market Update
• Negative Sentiment: Mizuho cut its price target for Chubb, signaling reduced expectations for the stock’s potential appreciation and likely weighing on sentiment. Mizuho Cuts Chubb Price Target

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.