Chubb (NYSE:CB – Get Free Report) had its price target raised by analysts at Cantor Fitzgerald from $330.00 to $333.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 3.07% from the company’s current price.
CB has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Piper Sandler increased their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. HSBC reissued a “hold” rating and set a $359.00 price target on shares of Chubb in a report on Wednesday. Citigroup restated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $359.00.
Check Out Our Latest Research Report on Chubb
Chubb Stock Performance
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the previous year, the company posted $6.14 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts predict 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 dated 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.
Institutional Trading of Chubb
Several large investors have recently modified their holdings of the business. Mn Services Vermogensbeheer B.V. increased its stake in shares of Chubb by 55.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 158,597 shares of the financial services provider’s stock worth $51,584,000 after purchasing an additional 56,544 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Chubb by 70.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,455 shares of the financial services provider’s stock valued at $12,507,000 after buying an additional 15,886 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Chubb by 69.9% during the 3rd quarter. CoreCap Advisors LLC now owns 1,164 shares of the financial services provider’s stock valued at $379,000 after buying an additional 479 shares during the last quarter. Apella Capital LLC grew its holdings in Chubb by 58.4% during the 3rd quarter. Apella Capital LLC now owns 2,758 shares of the financial services provider’s stock valued at $923,000 after buying an additional 1,017 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in Chubb by 12.6% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,326 shares of the financial services provider’s stock worth $757,000 after buying an additional 260 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Chubb
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Positive analyst outlook: Cantor Fitzgerald raised its price target for Chubb from $330 to $333. Although the firm maintained a neutral rating, the higher target indicates modestly improved expectations for the insurer. Cantor Fitzgerald Issues Positive Forecast for Chubb
- Positive Sentiment: Embedded-insurance opportunity: Chubb was included among insurers positioned to benefit as embedded insurance expands through partnerships and digital distribution channels. The trend could support premium growth and broaden customer access over time. 5 Insurers to Focus on as Embedded Insurance Gains Momentum
- Positive Sentiment: Defensive investment profile: Commentary highlighting Chubb among insurance companies with durable dividend characteristics may be attracting income-oriented investors, particularly given the company’s historically strong profitability and underwriting position. Insurance Stocks Built to Keep Paying Dividends
- Neutral Sentiment: Investor attention remains elevated: Zacks identified Chubb as a trending stock and discussed its investment prospects, but the article does not represent a clear change in the company’s fundamentals or an explicit bullish recommendation. Is Trending Stock Chubb a Buy Now
- Neutral Sentiment: A market update noted Chubb’s approximately $129.7 billion market capitalization, providing valuation context but no new operating announcement. Chubb Stock and Market Capitalization Update
- Negative Sentiment: Valuation caution: Mizuho lowered its price target from $347 to $336 and retained a neutral rating, implying downside from the current trading level. This may limit enthusiasm despite the stock’s recent strength.
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.
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