JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Key Points

• JPMorgan raised Chubb’s price target from $371 to $374 while maintaining a “neutral” rating, implying roughly 4.47% upside from the prior close.
• Chubb exceeded third-quarter expectations, reporting $7.66 in EPS versus $6.77 expected and $16.20 billion in revenue versus $15.71 billion forecast.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and $361.09 price target; shares near $358 suggest limited upside despite strong earnings and several bullish analyst calls.

Chubb (NYSE:CB - Get Free Report) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $371.00 to $374.00 in a report issued on Friday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 4.47% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods dropped their price objective on Chubb from $389.00 to $387.00 and set an "outperform" rating on the stock in a research note on Monday, October 12th. UBS Group upped their target price on Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Evercore reaffirmed an "outperform" rating and set a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Finally, Weiss Ratings upgraded Chubb from a "buy (b)" rating to a "buy (a)" rating in a report on Friday, October 16th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $361.09.

Chubb Price Performance

CB stock traded down $5.96 during midday trading on Friday, reaching $357.99. The company had a trading volume of 455,778 shares, compared to its average volume of 1,707,521. Chubb has a 1-year low of $273.35 and a 1-year high of $365.91. The stock has a 50 day moving average price of $341.45 and a 200-day moving average price of $337.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market capitalization of $138.11 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. 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 business posted $7.49 EPS. Equities research analysts expect that Chubb will post 27.72 earnings per share for the current year.

Insider Activity

In other news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On Chubb

Several hedge funds have recently bought and sold shares of CB. Gibbs Wealth Management raised its stake in Chubb by 13.8% during the 3rd quarter. Gibbs Wealth Management now owns 2,654 shares of the financial services provider's stock valued at $863,000 after buying an additional 321 shares during the last quarter. Winthrop Advisory Group LLC grew its position in shares of Chubb by 8.3% during the 3rd quarter. Winthrop Advisory Group LLC now owns 639 shares of the financial services provider's stock valued at $208,000 after acquiring an additional 49 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Chubb by 4.6% in the third quarter. Capital Investment Advisors LLC now owns 7,678 shares of the financial services provider's stock worth $2,497,000 after buying an additional 340 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Chubb by 1.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,027 shares of the financial services provider's stock worth $3,587,000 after purchasing an additional 190 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Chubb by 134.3% in the 3rd quarter. Sterling Capital Management LLC now owns 111,356 shares of the financial services provider's stock worth $36,219,000 after buying an additional 63,838 shares in the last quarter. Hedge funds and other 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 reported third-quarter earnings of $7.66 per share, exceeding the $6.77 consensus estimate, while revenue of $16.20 billion also topped expectations. Results benefited from record investment income and higher life-insurance income. Chubb Q3 Earnings Beat Estimates on Investment and Life Income Growth
• Positive Sentiment: Operating momentum remained solid, with $2.98 billion in core operating income and 6.7% growth in Overseas General property-and-casualty premiums. Strong underwriting profitability and expanding investment float support the long-term growth outlook. Chubb: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Zacks upgraded Chubb to a Rank #2 (Buy), potentially reinforcing expectations for continued earnings strength. Wells Fargo also raised its price target to $366 from $343. Goldman Sachs Sticks to Its Buy Rating for Chubb
• Neutral Sentiment: Analyst opinion is mixed: Cantor Fitzgerald, Barclays, Mizuho, Deutsche Bank and Wells Fargo maintain Neutral, Hold or Equal Weight ratings. Deutsche Bank raised its target to $361, while Mizuho lifted its target to $350; both remain below the recent share price. Deutsche Bank Adjusts Chubb Price Target
• Negative Sentiment: Higher catastrophe losses pressured underwriting results, and the consensus price target of approximately $358.36 suggests limited upside after Chubb’s substantial run. This valuation concern may be limiting further gains despite the earnings beat. Chubb Has Consensus Price Target of $358.36

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.

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