Evercore Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its target price lifted by investment analysts at Evercore from $347.00 to $349.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore’s price target suggests a potential upside of 4.86% from the stock’s current price.

CB has been the subject of a number of other research reports. Piper Sandler boosted their price objective on shares of Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Roth Mkm boosted their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Bank of America lowered their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Morgan Stanley set a $350.00 price objective on shares of Chubb in a research report on Friday, January 16th. One investment 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $348.71.

Chubb Price Performance

Shares of NYSE:CB opened at $332.82 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.34 and a debt-to-equity ratio of 0.20. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm has a 50-day simple moving average of $329.13 and a 200 day simple moving average of $309.53. The company has a market cap of $129.88 billion, a PE ratio of 11.75, a P/E/G ratio of 1.72 and a beta of 0.49.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $6.82 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $0.24. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter in the prior year, the firm earned $3.68 EPS. On average, sell-side analysts anticipate that Chubb will post 26.52 EPS for the current year.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 44,877 shares of company stock valued at $14,885,226. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

A number of institutional investors have recently made changes to their positions in the stock. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after acquiring an additional 2,916,288 shares during the period. State Street Corp lifted its stake in shares of 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 acquiring an additional 68,553 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Chubb by 25.6% in 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 acquiring an additional 3,049,987 shares during the period. GQG Partners LLC lifted its stake in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after acquiring an additional 1,647,729 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Chubb by 9.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after acquiring an additional 427,512 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q1 results beat revenue and underwriting expectations: Chubb reported stronger-than-expected top-line growth and higher P&C underwriting profit, plus improved investment and life income — a core reason investors are bullish today. CB Q1 Deep Dive
• Positive Sentiment: Multiple brokerages raised price targets or reiterated positive ratings (HSBC to $370 buy; Keefe Bruyette & Woods to $374 outperform; Evercore to $349; Barclays to $375; Citizens JMP to $365), supporting upside momentum. HSBC PT Raise KBW PT Raise
• Positive Sentiment: Berkshire Hathaway / Warren Buffett continuing ownership is a structural positive for investor confidence; coverage pieces highlight Buffett’s large stake as endorsement. Buffett Confidence
• Neutral Sentiment: Some analysts remain conflicted or neutral — Cantor Fitzgerald reaffirmed a neutral/price-target view ($315), and broader coverage shows mixed sentiment across financial peers, tempering a unanimous buy case. Analysts Conflicted
• Negative Sentiment: Market concerns about a softening property insurance market—rising competition and declining rates—are weighing on sentiment despite the beat; this is cited as the reason shares dipped after results in some coverage. CNBC Market Concerns
• Negative Sentiment: GAAP EPS was pressured by higher realized losses in the quarter (reported in some earnings coverage), a near-term headwind investors must monitor even as core underwriting improved. GAAP EPS Miss

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.