Evercore Increases Chubb (NYSE:CB) Price Target to $349.00

Chubb (NYSE:CB) had its target price hoisted by equities research analysts at Evercore from $347.00 to $349.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore’s price target points to a potential upside of 6.93% from the company’s current price.

Several other research firms have also issued reports on CB. Mizuho reduced their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company set a $333.00 target price on Chubb in a research report on Thursday. Jefferies Financial Group lowered their price target on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Roth Mkm raised their target price on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $348.71.

Chubb Trading Down 0.9%

NYSE CB opened at $326.38 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 1-year low of $264.10 and a 1-year high of $345.67. The firm’s fifty day simple moving average is $329.12 and its 200-day simple moving average is $309.37. The company has a market capitalization of $127.36 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $6.82 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.24. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $13.51 billion. Chubb had a return on equity of 14.42% and a net margin of 18.58%.During the same period in the prior year, the firm posted $3.68 EPS. As a group, sell-side analysts anticipate that Chubb will post 26.4 earnings per share for the current fiscal year.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently modified their holdings of the stock. Cherry Tree Wealth Management LLC grew its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC grew its holdings in shares of Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC increased its position in shares of Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in Chubb by 2.7% during the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 34 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q1 operating beat — Chubb reported core operating income and EPS that topped consensus, with consolidated net premiums written up ~10.7%, strong P&C underwriting income and a reported P&C combined ratio of ~84.0%, supporting underlying profitability. Chubb press release
• Positive Sentiment: Underwriting & earnings strength highlighted by analysts and coverage pieces noting improved underwriting income, life investment income and revenue beats — supporting medium-term earnings power. Zacks: CB Q1 Earnings & Revenues Beat
• Positive Sentiment: Some brokers raised targets — Barclays nudged its PT to $375 and Citizens JMP raised its target to $365, signaling that a number of analysts still see upside from current levels. Barclays price-target note
• Neutral Sentiment: Earnings-call and transcript coverage are available for investor review — useful for parsing management’s forward commentary on pricing and exposure but not immediate market-moving facts by themselves. Seeking Alpha: Q1 call transcript TipRanks: earnings-call highlights
• Negative Sentiment: Investor concern over softening property-insurance market — CNBC and other coverage emphasize management comments and market signals that coverage rates are easing, competition is increasing and pricing momentum could slow, which is why the stock fell despite the headline beats. CNBC: Here’s why the stock is falling
• Negative Sentiment: GAAP noise and realized losses — some reports note a GAAP EPS miss driven by higher realized losses, which clouds the headline operating beat and raises near-term earnings volatility concerns. Seeking Alpha: GAAP EPS miss
• Negative Sentiment: Mixed analyst signals — Cantor Fitzgerald reaffirmed a neutral rating with a sub-current price target (~$315), adding to short-term pressure from differing sell‑side views. Benzinga: Cantor Fitzgerald note

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.