Wells Fargo & Company Forecasts Strong Price Appreciation for Chubb (NYSE:CB) Stock

Chubb (NYSE:CB) had its price objective upped by equities researchers at Wells Fargo & Company from $343.00 to $366.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company’s price objective would indicate a potential upside of 1.02% from the company’s previous close.

Other research analysts have also issued reports about the stock. Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday, July 7th. Morgan Stanley decreased their target price 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. Atlantic Securities set a $301.00 price target on shares of Chubb in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Finally, Piper Sandler lifted their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $360.05.

Chubb Stock Up 2.1%

CB stock traded up $7.36 during trading on Thursday, reaching $362.31. 377,428 shares of the stock were exchanged, compared to its average volume of 1,707,155. The firm’s 50 day moving average is $341.06 and its 200 day moving average is $337.07. Chubb has a twelve month low of $273.35 and a twelve month high of $365.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $139.78 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB) last announced its quarterly earnings data 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. The firm had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.71 billion. Chubb had a return on equity of 14.33% and a net margin of 18.15%. During the same quarter last year, the firm posted $7.49 earnings per share. As a group, research analysts forecast that Chubb will post 27.72 EPS for the current year.

Insider Buying and Selling at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of the firm’s stock in a transaction dated 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 trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated 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 SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

Several institutional investors and hedge funds have recently added to or reduced their stakes in CB. XXEC Inc. bought a new position in shares of Chubb during the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc purchased a new stake in shares of Chubb during the second quarter valued at approximately $11,670,067,000. BlackRock Inc. purchased a new stake in shares of Chubb during the second quarter valued at approximately $9,913,336,000. GQG Partners LLC purchased a new stake in shares of Chubb during the second quarter valued at approximately $4,250,113,000. Finally, Bank of America Corp DE bought a new stake in Chubb during the second quarter worth $1,545,084,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations: Chubb reported adjusted earnings of $7.66 per share, ahead of the $6.77 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. EPS also increased from $7.49 in the year-ago quarter. Chubb third-quarter earnings report
• Positive Sentiment: Investment income and operating profitability were key drivers: Record investment income and higher life-insurance income helped offset rising catastrophe losses. Chubb generated $2.98 billion in core operating income, while Overseas General property and casualty premiums grew 6.7%, highlighting continued business momentum. Chubb Q3 earnings beat estimates
• Positive Sentiment: Some sentiment has improved: Zacks upgraded CB to a Rank #2, or “Buy,” citing stronger earnings prospects. The upbeat earnings call also emphasized underwriting profitability and investment float as longer-term growth engines. Chubb upgraded to Buy
• Neutral Sentiment: Analyst views remain cautious: Deutsche Bank raised its price target to $361 but maintained a Hold rating. Mizuho increased its target to $350 and Barclays also rated the stock Hold, indicating limited perceived upside at recent levels. Deutsche Bank Chubb price target update
• Negative Sentiment: Catastrophe losses and valuation could limit further gains: Higher catastrophe claims pressured underwriting, while Cantor Fitzgerald reaffirmed Neutral with a $333 target. A consensus target of approximately $358 is also slightly below the recent trading level, reinforcing concerns that strong Q3 results may already be priced in. Chubb consensus price target

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.