Chubb (NYSE:CB) Stock Price Expected to Rise, Evercore ISI Analyst Says

Chubb (NYSE:CB) had its price target lifted by Evercore ISI from $346.00 to $347.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 4.74% from the company’s current price.

CB has been the topic of a number of other research reports. Jefferies Financial Group upped their price target on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Cantor Fitzgerald increased their price target on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price target on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. Finally, Wolfe Research raised their price objective on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $329.14.

Chubb Price Performance

Shares of Chubb stock opened at $331.29 on Wednesday. The firm has a market cap of $130.38 billion, a PE ratio of 12.88, a PEG ratio of 2.11 and a beta of 0.49. The stock has a 50 day moving average of $306.70 and a 200 day moving average of $288.69. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb has a 12 month low of $263.14 and a 12 month high of $334.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 EPS. On average, research analysts expect that Chubb will post 21.52 EPS for the current fiscal year.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. The trade was a 18.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,635 shares of company stock valued at $9,970,735 in the last three months. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares during the period. Norges Bank purchased a new stake in Chubb in the second quarter worth about $1,195,137,000. AQR Capital Management LLC grew its holdings in Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after acquiring an additional 1,199,963 shares in the last quarter. Woodline Partners LP purchased a new position in Chubb during the 3rd quarter valued at about $220,217,000. Finally, Amundi increased its position in Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q4 results beat and underwriting strength — Chubb reported record earnings and core EPS that topped estimates, helped by higher investment returns, lower catastrophe losses and a notably low combined ratio. This is the primary driver behind the rally. Earnings Call Highlights
• Positive Sentiment: Market reaction: stock hit a record high and is on a multi-day win streak following the results, reflecting strong investor demand. MSN: Record High
• Positive Sentiment: Bullish analyst actions — several firms raised price targets and/or maintained outperform/buy stances (notably Roth Capital to $360, Evercore ISI to $347 and Citizens JMP reaffirming market outperform at $350), supporting upside conviction. Roth/Analyst Moves
• Positive Sentiment: Cyber risk partnership — Chubb named Arctic Wolf as a preferred Managed Detection & Response provider, reinforcing its cyber risk-management capabilities for insureds (helps product competitiveness). GlobeNewswire: Arctic Wolf
• Neutral Sentiment: Analyst commentary and notes on key metrics — coverage pieces and analyst reviews dig into combined ratio, underwriting trends and investment assumptions; these provide context but are not new catalysts by themselves. Zacks: Q4 Analysis
• Negative Sentiment: Some targets imply limited near-term upside or modest downside — Piper Sandler’s new $319 target (neutral), Wells Fargo’s $322 (equal weight) and JPMorgan’s $330 (neutral) sit at or below the current share price, which could cap gains or trigger profit-taking among more cautious investors. MarketScreener: Piper Sandler

Chubb Company Profile

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.