Chubb (NYSE:CB) Stock Gets Price Target Reduction from Mizuho

Chubb (NYSE:CB) had its target price reduced by Mizuho from $347.00 to $336.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Atlantic Securities set a $301.00 price objective on Chubb in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald lifted their price target on shares of Chubb from $330.00 to $333.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, HSBC reissued a “hold” rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $359.05.

Chubb Stock Down 0.8%

NYSE CB opened at $341.07 on Wednesday. Chubb has a one year low of $265.30 and a one year high of $365.91. The company has a market cap of $131.58 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.52 and a beta of 0.36. 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 business has a fifty day moving average price of $340.42 and a 200 day moving average price of $335.44.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.14 EPS. Research analysts anticipate that Chubb will post 27.48 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 14.43%.

Insiders Place Their Bets

In related news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction 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 sale, the executive vice president directly owned 33,749 shares in the company, valued at $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 available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chubb

Several hedge funds have recently modified their holdings of CB. Bullock Wealth Management Group raised its holdings in Chubb by 54.4% during the third quarter. Bullock Wealth Management Group now owns 122 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 43 shares in the last quarter. Riversedge Advisors LLC increased its holdings in Chubb by 18.3% in the third quarter. Riversedge Advisors LLC now owns 2,791 shares of the financial services provider’s stock valued at $908,000 after buying an additional 431 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Chubb by 3.3% during the 3rd quarter. Wedmont Private Capital now owns 5,932 shares of the financial services provider’s stock valued at $2,039,000 after acquiring an additional 189 shares during the period. Douglas Lane & Associates LLC increased its position in shares of Chubb by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock valued at $152,084,000 after buying an additional 451,173 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its stake in shares of Chubb by 21.8% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 598 shares of the financial services provider’s stock worth $194,000 after buying an additional 107 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Evercore ISI raised its price target for Chubb to $383 from $374, suggesting continued confidence in the insurer’s earnings and valuation potential. Evercore ISI Adjusts Price Target on Chubb
• Positive Sentiment: Cantor Fitzgerald issued a positive forecast for CB, adding a supportive view from the analyst community. Cantor Fitzgerald Issues Positive Forecast for Chubb
• Positive Sentiment: Chubb was included among insurers positioned to benefit from the expansion of embedded insurance, a potentially favorable long-term distribution trend. Insurers to Focus on as Embedded Insurance Gains Momentum
• Neutral Sentiment: JPMorgan lowered its price target to $371 from $374 and shifted to a neutral rating. The new target still represents approximately 8.8% potential upside, but the downgrade in target and rating signals limited near-term conviction. JPMorgan Adjusts Chubb Price Target
• Neutral Sentiment: Barclays and Morgan Stanley both maintained hold-equivalent views on Chubb, reinforcing a wait-and-see stance among major firms. Barclays Hold Rating
• Negative Sentiment: Mizuho also cut its price target, adding to the recent pattern of valuation reductions and weighing on investor sentiment. Mizuho Cuts Chubb Price Target

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.