Chubb (NYSE:CB) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Chubb's stock received a reiterated "buy (B)" rating from Weiss Ratings, with several other firms also adjusting their target prices and ratings following recent performance.
• Despite a recent share price decline of 0.7%, Chubb reported strong financial results with earnings per share of $6.14, exceeding expectations and showing year-over-year revenue growth of 6.3%.
• Institutional investors own 83.81% of Chubb's stock, reflecting strong interest from large financial firms, while insider trading activity showed the company director increasing their position in the company.

Chubb (NYSE:CB - Get Free Report)'s stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on CB. Wells Fargo & Company increased their target price on Chubb from $267.00 to $277.00 and gave the company an "equal weight" rating in a report on Wednesday. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI lifted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $304.33.

Chubb Stock Down 0.7%

Shares of Chubb stock traded down $2.07 during trading on Wednesday, reaching $287.17. The company's stock had a trading volume of 1,101,740 shares, compared to its average volume of 1,845,226. The company has a market cap of $114.49 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.26 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $276.00 and a two-hundred day simple moving average of $282.12. Chubb has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the business posted $5.38 EPS. The company's revenue was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Chubb will post 21.52 earnings per share for the current year.

Insider Activity at Chubb

In related news, Director Michael Corbat purchased 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chubb

Large investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Chubb during the 1st quarter worth approximately $25,000. North Capital Inc. bought a new position in Chubb during the first quarter valued at approximately $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the first quarter valued at approximately $31,000. 1248 Management LLC bought a new position in Chubb in the first quarter worth $31,000. Finally, VSM Wealth Advisory LLC bought a new stake in Chubb in the 2nd quarter worth about $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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