Mizuho Lowers Chubb (NYSE:CB) Price Target to $335.00

Chubb (NYSE:CBGet Free Report) had its price target dropped by equities research analysts at Mizuho from $336.00 to $335.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Mizuho’s price objective would suggest a potential upside of 2.25% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Piper Sandler boosted their price target on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Barclays upped their price objective on shares of Chubb from $339.00 to $374.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. BMO Capital Markets lifted their target price on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 10th. Roth Mkm lifted their target price on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research report 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $345.86.

Check Out Our Latest Research Report on Chubb

Chubb Stock Performance

Shares of CB opened at $327.63 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $127.85 billion, a PE ratio of 12.73, a P/E/G ratio of 1.73 and a beta of 0.49. Chubb has a 12 month low of $264.10 and a 12 month high of $345.67. The stock has a fifty day moving average price of $329.14 and a 200-day moving average price of $307.73.

Chubb (NYSE:CBGet Free Report) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the business earned $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Chubb will post 21.52 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,877 shares of company stock valued at $14,885,226 in the last ninety days. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc lifted its holdings in Chubb by 9.3% in the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after acquiring an additional 2,916,288 shares during the period. State Street Corp boosted its position in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. GQG Partners LLC increased its holdings in shares of Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Chubb by 9.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after purchasing an additional 427,512 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

About Chubb

(Get Free Report)

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.

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