Chubb (NYSE:CB) Stock Price Target Raised at JPMorgan Chase & Co.

Chubb (NYSE:CB) had its price target increased by analysts at JPMorgan Chase & Co. from $371.00 to $374.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 4.47% from the stock’s current price.

CB has been the subject of several other reports. Keefe, Bruyette & Woods reduced their price target on Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Weiss Ratings raised Chubb from a “buy (b)” rating to a “buy (a)” rating in a report on Friday, October 16th. UBS Group upped their target price on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley decreased their target price on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Finally, Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $361.09.

Chubb Trading Down 1.6%

CB stock traded down $5.96 during trading on Friday, hitting $357.99. The company had a trading volume of 455,778 shares, compared to its average volume of 1,707,521. The firm has a market capitalization of $138.11 billion, a P/E ratio of 12.54, a PEG ratio of 1.55 and a beta of 0.36. The company has a 50 day simple moving average of $341.45 and a 200-day simple moving average of $337.32. Chubb has a 52-week low of $273.35 and a 52-week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.35 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The firm had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.71 billion. During the same quarter in the previous year, the business earned $7.49 earnings per share. As a group, research analysts forecast that Chubb will post 27.72 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Joseph F. 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 transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael 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 value 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 represents a 30.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XXEC Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at $228,226,000. Berkshire Hathaway Inc purchased a new position in Chubb in the second quarter worth $11,670,067,000. BlackRock Inc. acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $9,913,336,000. GQG Partners LLC purchased a new position in shares of Chubb in the second quarter valued at $4,250,113,000. Finally, Bank of America Corp DE increased its stake in shares of 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 worth $1,599,868,000 after purchasing an additional 147,876 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

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, exceeding the $6.77 consensus estimate, while revenue of $16.20 billion also topped expectations. Results benefited from record investment income and higher life-insurance income. Chubb Q3 Earnings Beat Estimates on Investment and Life Income Growth
• Positive Sentiment: Operating momentum remained solid, with $2.98 billion in core operating income and 6.7% growth in Overseas General property-and-casualty premiums. Strong underwriting profitability and expanding investment float support the long-term growth outlook. Chubb: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Zacks upgraded Chubb to a Rank #2 (Buy), potentially reinforcing expectations for continued earnings strength. Wells Fargo also raised its price target to $366 from $343. Goldman Sachs Sticks to Its Buy Rating for Chubb
• Neutral Sentiment: Analyst opinion is mixed: Cantor Fitzgerald, Barclays, Mizuho, Deutsche Bank and Wells Fargo maintain Neutral, Hold or Equal Weight ratings. Deutsche Bank raised its target to $361, while Mizuho lifted its target to $350; both remain below the recent share price. Deutsche Bank Adjusts Chubb Price Target
• Negative Sentiment: Higher catastrophe losses pressured underwriting results, and the consensus price target of approximately $358.36 suggests limited upside after Chubb’s substantial run. This valuation concern may be limiting further gains despite the earnings beat. Chubb Has Consensus Price Target of $358.36

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.