Chubb (NYSE:CB) Stock Rating Reaffirmed as “Neutral” by Cantor Fitzgerald

Chubb (NYSE:CB)‘s stock had its “neutral” rating reiterated by Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They currently have a $333.00 price objective on the financial services provider’s stock. Cantor Fitzgerald‘s price target suggests a potential downside of 6.53% from the company’s previous close.

CB has been the topic of a number of other research reports. HSBC reiterated a “hold” rating and issued a $359.00 target price on shares of Chubb in a research note on Wednesday, October 7th. Evercore reiterated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Morgan Stanley reduced their target price on Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research note on Friday. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $358.36.

Chubb Trading Down 0.4%

CB stock traded down $1.47 during midday trading on Wednesday, reaching $356.28. The company’s stock had a trading volume of 595,974 shares, compared to its average volume of 1,705,468. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a fifty day simple moving average of $340.82 and a two-hundred day simple moving average of $336.89. Chubb has a 1 year low of $272.20 and a 1 year high of $365.91. The firm has a market capitalization of $137.45 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.36.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.79 by $0.87. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.71 billion. During the same quarter last year, the firm posted $7.49 earnings per share. On average, equities research analysts predict that Chubb will post 27.72 EPS for the current year.

Insider Activity

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. Berkshire Hathaway Inc purchased a new position in Chubb during the 2nd quarter worth approximately $11,670,067,000. BlackRock Inc. purchased a new position in shares of Chubb in the 2nd quarter valued at approximately $9,913,336,000. GQG Partners LLC purchased a new position in shares of Chubb in the 2nd quarter valued at approximately $4,250,113,000. Bank of America Corp DE grew its stake in shares of Chubb by 3.1% in the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after purchasing an additional 147,876 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock valued at $1,114,906,000 after purchasing an additional 1,457,992 shares during the last quarter. 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 reported third-quarter earnings of $7.66 per share, exceeding the $6.79 consensus estimate and rising from $7.49 a year earlier. Revenue also surpassed expectations at $16.20 billion versus $15.71 billion, supported by stronger underwriting income and growth in net premiums written. Chubb beats Q3 profit estimates on strong underwriting income
• Positive Sentiment: The insurer posted a 18.10% net margin and 14.47% return on equity, reinforcing the strength of its operating performance. The earnings beat may provide fundamental support for the stock. Chubb Q3 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Market commentary indicates that Chubb’s strong third-quarter performance is already reflected in its valuation. With shares trading near their 52-week high and a forward earnings outlook of roughly $27.72 per share, additional upside may require further earnings growth. Chubb: Strong Q3 Reflected In Valuation
• Negative Sentiment: Cantor Fitzgerald reaffirmed its “neutral” rating and set a $333 price target, implying approximately 6.2% downside from the recent trading level. The target may be weighing on the stock after the earnings-driven rally. Cantor Fitzgerald rating update

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.