Chubb (CB) – Analysts’ Recent Ratings Changes

Chubb (NYSE: CB) has recently received a number of price target changes and ratings updates:

• 11/1/2024 – Chubb had its price target raised by analysts at Keefe, Bruyette & Woods from $305.00 to $320.00. They now have an “outperform” rating on the stock.
• 10/31/2024 – Chubb had its price target lowered by analysts at Wells Fargo & Company from $269.00 to $266.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Chubb had its price target raised by analysts at Evercore ISI from $289.00 to $293.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Chubb had its price target raised by analysts at JPMorgan Chase & Co. from $291.00 to $294.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – Chubb had its price target raised by analysts at JMP Securities from $300.00 to $325.00. They now have a “market outperform” rating on the stock.
• 10/30/2024 – Chubb had its price target raised by analysts at Morgan Stanley from $295.00 to $300.00. They now have an “equal weight” rating on the stock.
• 10/15/2024 – Chubb had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $300.00 price target on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at Bank of America Co. from $275.00 to $282.00. They now have an “underperform” rating on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at JPMorgan Chase & Co. from $290.00 to $291.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Chubb had its price target raised by analysts at Wells Fargo & Company from $255.00 to $269.00. They now have an “equal weight” rating on the stock.
• 10/9/2024 – Chubb had its price target raised by analysts at Jefferies Financial Group Inc. from $294.00 to $295.00. They now have a “hold” rating on the stock.
• 10/4/2024 – Chubb was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $275.00 price target on the stock, up previously from $264.00.
• 10/4/2024 – Chubb had its price target raised by analysts at Piper Sandler from $281.00 to $305.00. They now have an “overweight” rating on the stock.

Chubb Stock Performance

Shares of CB stock opened at $276.08 on Tuesday. The firm has a market cap of $111.29 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.64 and a beta of 0.67. The company’s 50 day moving average is $288.24 and its 200 day moving average is $271.22. The company has a quick ratio of 0.31, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $216.26 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $4.95 earnings per share. On average, sell-side analysts anticipate that Chubb Limited will post 21.6 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is 14.91%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bard Financial Services Inc. increased its stake in shares of Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. increased its position in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 40 shares during the last quarter. LVW Advisors LLC increased its position in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 40 shares during the last quarter. Finally, Wealth Effects LLC increased its position in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.