Chubb (NYSE:CB) Given New $358.00 Price Target at Wells Fargo & Company

Chubb (NYSE:CB) had its price target upped by Wells Fargo & Company from $333.00 to $358.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

Several other brokerages also recently commented on CB. Piper Sandler boosted their price objective on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Mizuho lifted their target price on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday. Citizens Jmp boosted their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. Cantor Fitzgerald upped their price target on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wolfe Research lifted their price objective on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $355.95.

Chubb Stock Performance

Shares of NYSE CB opened at $347.00 on Thursday. The stock has a market cap of $134.59 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40. Chubb has a 1 year low of $264.10 and a 1 year high of $365.29. The firm has a fifty day moving average price of $329.48 and a 200-day moving average price of $324.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. Equities analysts anticipate that Chubb will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of Chubb

A number of large investors have recently made changes to their positions in CB. Spire Wealth Management lifted its holdings in Chubb by 490.5% in the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after acquiring an additional 7,156 shares during the period. Chesley Taft & Associates LLC grew its stake in shares of Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. Finally, waypoint wealth counsel lifted its stake in shares of Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 1,784 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Chubb to $389 from $374 and kept an outperform rating, signaling confidence in further upside. Article Link
• Positive Sentiment: Wells Fargo lifted its price target to $358 from $333, though it maintained an equal weight rating, suggesting a modestly improved valuation outlook. Article Link
• Positive Sentiment: Mizuho also raised its target to $352 from $335 and reiterated a neutral view, adding to the overall analyst optimism around Chubb’s price trajectory. Article Link
• Positive Sentiment: Zacks highlighted Chubb’s disciplined capital deployment, including dividend growth, buybacks, and reinvestment, which can support long-term shareholder returns. Article Link
• Neutral Sentiment: UBS kept Chubb at hold, reflecting a more cautious stance compared with the higher-target upgrades from other firms. Article Link
• Neutral Sentiment: Recent trading commentary noted that Chubb has been moving a bit more weakly than the broader market, suggesting near-term sentiment has been mixed. Article Link

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.