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

Chubb (NYSE:CB) had its price target boosted by Citizens Jmp from $365.00 to $400.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a market outperform rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company upped their price target on Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a research note on Thursday. Piper Sandler raised their price objective on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Evercore boosted their target price on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Citigroup reiterated an “outperform” rating on shares of Chubb in a report on Friday. Finally, Barclays set a $387.00 price target on shares of Chubb in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $358.81.

Chubb Stock Down 0.1%

Shares of Chubb stock traded down $0.37 during midday trading on Friday, reaching $347.43. 1,718,637 shares of the company’s stock traded hands, compared to its average volume of 1,544,666. The company has a market cap of $134.75 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.40. The company’s 50 day simple moving average is $329.91 and its 200 day simple moving average is $324.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52 week low of $264.10 and a 52 week high of $365.29.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Equities analysts expect that Chubb will post 26.74 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new position in Chubb during the fourth quarter valued at about $205,000. Woodline Partners LP raised its holdings in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after acquiring an additional 17,155 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Citizens JMP raised its price target on Chubb to $400 from $365 and kept an “market outperform” rating, signaling meaningful upside from current levels. Citizens JMP raises Chubb price target to $400
• Positive Sentiment: Wells Fargo also lifted its target on Chubb to $358 from $333, while maintaining an “equal weight” view, suggesting improved expectations even without a bullish stance. Wells Fargo raises Chubb price target to $358
• Positive Sentiment: Zacks highlighted Chubb’s capital deployment strategy, saying its steady dividends, share buybacks and reinvestment reflect financial discipline and resilience, which can support long-term shareholder returns. Zacks article on Chubb capital deployment
• Neutral Sentiment: Mizuho issued a positive forecast for Chubb, but later lifted its target only modestly to $352 while keeping a “neutral” rating, which is supportive but not strongly bullish. Mizuho positive forecast for Chubb
• Neutral Sentiment: UBS remained at “hold” on Chubb, reinforcing the view that some analysts see fair value at current levels rather than a clear breakout opportunity. UBS remains a hold on Chubb

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.