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

Chubb (NYSE:CB)‘s stock had its “market outperform” rating reiterated by investment analysts at Citizens Jmp in a report issued on Wednesday,Benzinga reports. They presently have a $400.00 target price on the financial services provider’s stock. Citizens Jmp’s price target points to a potential upside of 13.33% from the company’s current price.

A number of other research firms have also issued reports on CB. Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Cantor Fitzgerald increased their price objective on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Atlantic Securities set a $301.00 price objective on Chubb in a research report on Wednesday, July 15th. Evercore restated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Finally, Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $360.09.

Chubb Trading Up 2.8%

Shares of NYSE:CB opened at $352.96 on Wednesday. The company has a market cap of $136.90 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.77 and a beta of 0.40. The stock’s 50-day moving average is $334.84 and its 200-day moving average is $326.86. Chubb has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $16.01 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the firm earned $6.14 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Chubb will post 26.88 earnings per share for the current year.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chubb

Large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Chubb during the fourth quarter worth about $1,081,190,000. Price T Rowe Associates Inc. MD raised its stake in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. Berkshire Hathaway Inc raised its stake in shares of 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $795,378,000. Finally, GQG Partners LLC boosted its holdings 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 in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb beat Q2 expectations, with earnings and revenue both coming in above consensus, helped by stronger P&C underwriting, lower catastrophe losses, and record investment income. CB Q2 Earnings Beat on Higher Underwriting and Investment Income
• Positive Sentiment: Analysts turned more constructive after earnings, with Goldman Sachs reiterating a Buy rating and JPMorgan and Citizens JMP raising price targets, signaling expectations for continued upside. Chubb Earns Buy Rating on Strong Core EPS and Resilient Underwriting Despite Softer Property-Casualty Markets
• Positive Sentiment: The earnings call and follow-up coverage highlighted resilient underwriting and strong core EPS, suggesting Chubb’s margins are holding up even as parts of the property-casualty market soften. Chubb Ltd Earnings Call Balances Strength and Strain

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.