Mizuho Issues Positive Forecast for Chubb (NYSE:CB) Stock Price

Key Points

• Mizuho raised Chubb’s price target from $336 to $350 while maintaining a neutral rating, implying roughly 1.36% downside from the stock’s $354.81 price. The broader analyst consensus is also “Hold,” with an average target of $359.
• Chubb’s latest quarterly results exceeded expectations, with EPS of $7.66 versus the $6.77 estimate and revenue of $16.20 billion versus $15.71 billion expected.
• Despite strong earnings and significant institutional ownership, valuation remains a concern: catastrophe losses pressured underwriting, and some analysts believe the positive results are already reflected in the share price.

Chubb (NYSE:CB - Get Free Report) had its price objective increased by research analysts at Mizuho from $336.00 to $350.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. Mizuho's price objective points to a potential downside of 1.36% from the company's current price.

A number of other equities research analysts also recently issued reports on CB. Wells Fargo & Company decreased their price objective on Chubb from $356.00 to $343.00 and set an "equal weight" rating on the stock in a research report on Monday, October 12th. Evercore reiterated an "outperform" rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. HSBC reissued a "hold" rating and set a $359.00 target price on shares of Chubb in a research report on Wednesday, October 7th. Piper Sandler increased their price target on Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Finally, UBS Group raised their price target on Chubb from $340.00 to $369.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Chubb currently has an average rating of "Hold" and an average target price of $359.00.

Chubb Stock Performance

Chubb stock opened at $354.81 on Thursday. The company's 50-day moving average price is $341.06 and its 200-day moving average price is $337.07. Chubb has a twelve month low of $272.20 and a twelve month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $136.89 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.33%. The firm 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 firm earned $7.49 EPS. On average, equities research analysts forecast that Chubb will post 27.72 EPS for the current fiscal year.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 8,502 shares of the firm's 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 sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Connors sold 5,500 shares of the business's stock in a transaction 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. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of Chubb

Several institutional investors and hedge funds have recently made changes to their positions in the business. XXEC Inc. bought a new position in shares of Chubb in the second quarter worth about $228,226,000. Berkshire Hathaway Inc purchased a new stake in Chubb in the 2nd quarter valued at about $11,670,067,000. BlackRock Inc. purchased a new stake in Chubb in the 2nd quarter valued at about $9,913,336,000. GQG Partners LLC purchased a new stake in Chubb in the 2nd quarter valued at about $4,250,113,000. Finally, Bank of America Corp DE grew its stake in 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 worth $1,599,868,000 after acquiring an additional 147,876 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb reported third-quarter earnings of $7.66 per share, well above the $6.77 consensus estimate, while revenue of $16.20 billion also exceeded expectations. Earnings increased from $7.49 per share a year earlier. Chubb third-quarter earnings report
• Positive Sentiment: Core operating income reached approximately $2.98 billion. Record investment income, higher life-insurance income, strong underwriting results and 6.7% growth in Overseas General property-and-casualty premiums supported the quarter. Chubb Q3 earnings beat estimates
• Positive Sentiment: Zacks upgraded CB to a Rank #2, or Buy, citing improving earnings prospects. That upgrade may provide near-term support for the shares. Chubb upgraded to Buy
• Neutral Sentiment: The consensus analyst price target is $358.36, only modestly above the current trading level, suggesting much of the positive earnings performance may already be reflected in the valuation. Chubb consensus price target
• Negative Sentiment: Catastrophe losses continued to pressure underwriting, while Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target—well below the current price. Analysts have also questioned whether Chubb’s strong results are fully reflected in its valuation. Chubb valuation analysis

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.

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