JPMorgan Chase & Co. Boosts Chubb (NYSE:CB) Price Target to $330.00

Chubb (NYSE:CB) had its price objective lifted by analysts at JPMorgan Chase & Co. from $327.00 to $330.00 in a report released on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 0.39% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Evercore ISI reissued an “outperform” rating and issued a $346.00 target price on shares of Chubb in a research note on Wednesday, January 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Bank of America lowered their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Barclays lifted their price target on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Mizuho set a $317.00 price objective on shares of Chubb in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $329.14.

Chubb Stock Up 0.6%

Shares of CB opened at $331.29 on Wednesday. Chubb has a 52 week low of $263.14 and a 52 week high of $334.28. The firm has a market capitalization of $130.38 billion, a P/E ratio of 12.88, a P/E/G ratio of 2.11 and a beta of 0.49. The company has a 50-day simple moving average of $306.70 and a 200-day simple moving average of $288.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24.

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

Insider Activity

In other news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,635 shares of company stock valued at $9,970,735 over the last 90 days. 0.77% of the stock is owned by company insiders.

Institutional Trading of Chubb

A number of institutional investors have recently bought and sold shares of CB. Harbor Capital Advisors Inc. grew its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $31,000. Ares Financial Consulting LLC bought a new position in Chubb during the 4th quarter worth approximately $32,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

More Chubb News

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

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.