Piper Sandler Raises Chubb (NYSE:CB) Price Target to $319.00

Chubb (NYSE:CB) had its price target raised by research analysts at Piper Sandler from $283.00 to $319.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential downside of 3.71% from the company’s previous close.

CB has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a report on Friday, January 16th. Mizuho set a $317.00 target price on Chubb in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and a consensus price target of $329.14.

Chubb Stock Up 0.6%

CB opened at $331.29 on Wednesday. Chubb has a twelve month low of $263.14 and a twelve month high of $334.28. The firm has a market cap of $130.38 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.11 and a beta of 0.49. The firm’s 50-day simple moving average is $306.70 and its 200-day simple moving average is $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 issued its quarterly earnings data 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. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.02 earnings per share. Equities research analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the sale, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This represents a 45.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 33,635 shares of company stock worth $9,970,735. 0.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Institutional investors have recently modified their holdings of the business. Tucker Asset Management LLC bought a new stake in Chubb during the 4th quarter worth approximately $101,000. Mission Wealth Management LP raised its holdings in shares of Chubb by 1.9% during the fourth quarter. Mission Wealth Management LP now owns 10,905 shares of the financial services provider’s stock worth $3,404,000 after acquiring an additional 200 shares during the period. RiverFront Investment Group LLC raised its holdings in shares of Chubb by 197.2% during the fourth quarter. RiverFront Investment Group LLC now owns 3,358 shares of the financial services provider’s stock worth $1,048,000 after acquiring an additional 2,228 shares during the period. Sapient Capital LLC bought a new stake in Chubb in the 4th quarter valued at $651,000. Finally, North Dakota State Investment Board acquired a new position in Chubb in the 4th quarter worth $3,984,000. Institutional investors 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

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.