Chubb (NYSE:CB) Receives “Market Outperform” Rating from Citizens Jmp

Citizens Jmp restated their market outperform rating on shares of Chubb (NYSE:CB) in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $400.00 price target on the financial services provider’s stock.

Several other research firms have also recently commented on CB. Wolfe Research increased their price target on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Morgan Stanley boosted their price objective on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Wells Fargo & Company upped their target price on Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $360.18.

Chubb Price Performance

Shares of NYSE CB opened at $343.42 on Wednesday. The firm has a 50-day simple moving average of $334.18 and a 200-day simple moving average of $326.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $133.20 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.84 and a beta of 0.40. Chubb has a 52 week low of $264.10 and a 52 week high of $365.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.48. The firm had revenue of $14.71 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.55%. Chubb’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $6.14 earnings per share. On average, equities analysts predict that Chubb will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a dividend of $1.02 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb in the first quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter worth $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb beat Q2 EPS estimates, reporting core operating income of $7.26 per share versus expectations, with earnings up sharply from a year ago. Article Title
• Positive Sentiment: Underwriting remained strong, with the P&C combined ratio at 83.8%, catastrophe losses easing, and record investment income helping support results. Article Title
• Positive Sentiment: Several Wall Street firms turned constructive, including Citizens JMP reaffirming an outperform rating with a $400 target and JPMorgan lifting its target to $370, signaling meaningful upside from current levels. Article Title
• Neutral Sentiment: Some analysts still flagged softer property-casualty market conditions and weakness in major account premiums, which could temper near-term growth expectations. Article Title
• Negative Sentiment: Revenue came in below consensus, and the market appears to be focusing more on slower premium growth than on the earnings beat, contributing to the stock’s pullback. Article Title

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.