Keefe, Bruyette & Woods Has Lowered Expectations for Chubb (NYSE:CB) Stock Price

Chubb (NYSE:CB – Get Free Report) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $389.00 to $387.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 11.83% from the company’s current price.

A number of other research analysts have also recently commented on the company. Citizens Jmp restated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Piper Sandler increased their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald raised their target price on Chubb from $330.00 to $333.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group boosted their price target on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $358.36.

View Our Latest Research Report on Chubb

Chubb Stock Performance

Shares of CB stock opened at $346.06 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $133.51 billion, a PE ratio of 11.86, a P/E/G ratio of 1.51 and a beta of 0.36. The company’s fifty day simple moving average is $340.31 and its 200-day simple moving average is $335.80. Chubb has a 52 week low of $265.30 and a 52 week high of $365.91.

Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping 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 firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the company earned $6.14 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Chubb will post 27.68 EPS for the current year.

Insider Transactions at Chubb

In other news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction dated 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 directly owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated 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 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. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after acquiring an additional 5,225 shares in the last quarter. Equitable Holdings Inc. bought a new position in shares of Chubb during the 2nd quarter valued at about $4,139,000. Berkshire Hathaway Inc bought a new position in shares of Chubb during the 2nd quarter valued at about $11,670,067,000. XXEC Inc. acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,210,000. Finally, Douglas Lane & Associates LLC grew its stake in shares of Chubb by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock worth $152,084,000 after purchasing an additional 451,173 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

  • Positive Sentiment: Chubb increased despite a broader market decline, reflecting continued investor confidence in its defensive insurance profile and operating performance. The company’s diversified portfolio, strong underwriting profits and investment income have supported a roughly 22% gain over the past year. Chubb Increases Despite Market Slip: Here’s What You Need to Know CB Stock Rises 22% in a Year: What Should Investors Know?
  • Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating and still sees potential upside, indicating that the firm views Chubb’s long-term prospects favorably despite a modest valuation adjustment.
  • Neutral Sentiment: Chubb is scheduled to release third-quarter earnings on Tuesday. The report is likely to be the primary near-term catalyst for the stock, particularly as investors assess underwriting results, catastrophe losses, pricing trends and investment income. Chubb Set to Release Earnings on Tuesday
  • Neutral Sentiment: Recent premarket and after-hours indications show ongoing trading interest in Chubb, but these observations do not provide fundamental information about the company’s outlook. Chubb Stock Premarket
  • Negative Sentiment: Zacks expects third-quarter earnings to decline and says Chubb lacks the combination of factors typically associated with a likely earnings beat. That outlook could limit further gains ahead of the report. Earnings Preview: Chubb Q3 Earnings Expected to Decline
  • Negative Sentiment: Keefe, Bruyette & Woods lowered its Chubb price target from $389 to $387, signaling slightly reduced expectations, although the revised target remains above the current share price.

Chubb Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Chubb (NYSE:CB)

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