Chubb’s (CB) “Neutral” Rating Reiterated at Cantor Fitzgerald

Chubb (NYSE:CB)‘s stock had its “neutral” rating restated by analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $333.00 price objective on the financial services provider’s stock. Cantor Fitzgerald‘s price objective points to a potential downside of 6.28% from the company’s previous close.

Several other brokerages also recently issued reports on CB. Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Morgan Stanley lowered their price objective on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $358.36.

Chubb Stock Down 0.7%

NYSE:CB traded down $2.45 during trading hours on Wednesday, hitting $355.30. The stock had a trading volume of 1,073,011 shares, compared to its average volume of 1,707,527. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb has a 1-year low of $272.20 and a 1-year high of $365.91. The business has a 50 day simple moving average of $340.82 and a two-hundred day simple moving average of $336.89. The company has a market cap of $137.07 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.56 and a beta of 0.36.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.79 by $0.87. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.71 billion. During the same quarter last year, the company earned $7.49 earnings per share. Analysts predict that Chubb will post 27.72 EPS for the current year.

Insider Activity at Chubb

In other news, EVP Joseph Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the business. Stillwater Wealth Management Group lifted its holdings in shares of Chubb by 3.3% during the 3rd quarter. Stillwater Wealth Management Group now owns 7,249 shares of the financial services provider’s stock valued at $2,358,000 after buying an additional 229 shares during the last quarter. Sawyer & Company Inc acquired a new stake in shares of Chubb during the 3rd quarter valued at about $801,000. Sowell Financial Services LLC lifted its holdings in shares of Chubb by 98.0% during the 3rd quarter. Sowell Financial Services LLC now owns 14,329 shares of the financial services provider’s stock valued at $4,660,000 after buying an additional 7,093 shares during the last quarter. Atticus Wealth Management LLC lifted its holdings in shares of Chubb by 3.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock valued at $265,000 after buying an additional 29 shares during the last quarter. Finally, Bell Bank lifted its holdings in shares of Chubb by 5.4% during the 3rd quarter. Bell Bank now owns 1,681 shares of the financial services provider’s stock valued at $547,000 after buying an additional 86 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, exceeding estimates of $6.53–$6.79 and rising from $7.49 a year earlier. Revenue reached $16.20 billion, above the $15.71 billion consensus. Chubb Q3 earnings and revenues surpass estimates
• Positive Sentiment: Results were supported by record investment income, higher life-insurance income and growth in net premiums written, strengthening the case for continued earnings momentum. Chubb Q3 earnings beat estimates on investment and life income growth
• Neutral Sentiment: The earnings beat was partly offset by rising catastrophe losses, which pressured underwriting profitability. This creates uncertainty about how much of the quarter’s strength can persist if claims remain elevated. Chubb beats Q3 profit estimates
• Negative Sentiment: Cantor Fitzgerald reaffirmed its Neutral rating and set a $333 price target, below Chubb’s recent trading level. The view suggests the strong Q3 performance may already be reflected in the stock’s valuation. Cantor Fitzgerald rating on Chubb
• Negative Sentiment: Recent analysis likewise argues that Chubb’s strong quarter is largely priced in, limiting near-term upside even though the insurer continues to deliver solid earnings. Chubb strong Q3 reflected in valuation

Chubb Company Profile

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.