Chubb (NYSE:CB) Earns Neutral Rating from Cantor Fitzgerald
by Doug Wharley · The Cerbat GemChubb (NYSE:CB – Get Free Report)‘s stock had its “neutral” rating restated by research analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $333.00 target price on the financial services provider’s stock. Cantor Fitzgerald‘s target price suggests a potential downside of 6.73% from the company’s current price.
A number of other equities analysts have also issued reports on the stock. Mizuho dropped their target price on shares of Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Atlantic Securities set a $301.00 price target on shares of Chubb in a research report on Wednesday, July 15th. Wells Fargo & Company dropped their price objective on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $358.36.
Chubb Trading Up 0.2%
Shares of NYSE:CB opened at $357.05 on Wednesday. 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 stock’s 50-day moving average is $340.82 and its 200-day moving average is $336.89. The company has a market cap of $137.75 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.56 and a beta of 0.36. Chubb has a 52-week low of $266.40 and a 52-week high of $365.91.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping the consensus estimate of $6.79 by $0.87. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.71 billion. During the same quarter in the previous year, the firm earned $7.49 EPS. Equities research analysts predict that Chubb will post 27.72 earnings per share for the current year.
Insiders Place Their Bets
In other news, EVP Joseph Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the firm’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 directly owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.
Institutional Trading of Chubb
Several institutional investors have recently made changes to their positions in the business. Dunhill Financial LLC acquired a new stake in Chubb during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in shares of Chubb in the 2nd quarter valued at approximately $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC lifted its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.
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, exceeding the $6.79 analyst consensus and rising from $7.49 a year earlier. Revenue of $16.20 billion also surpassed the $15.71 billion estimate. Chubb earnings results
- Positive Sentiment: The earnings beat was supported by stronger underwriting income and growth in net premiums written, signaling continued operating momentum in Chubb’s insurance business. Chubb beats Q3 profit estimates
- Positive Sentiment: Profitability remained solid, with a reported net margin of 18.10% and return on equity of 14.47%, reinforcing the case for favorable investor sentiment following the quarterly report. Chubb Q3 profit rises
- Neutral Sentiment: One analysis characterized the strong third-quarter performance as already reflected in Chubb’s valuation, suggesting the earnings beat may have limited impact unless the company delivers further operational improvement. Chubb strong Q3 reflected in valuation
- Negative Sentiment: Cantor Fitzgerald reaffirmed its Neutral rating and set a $333 price target, approximately 6.7% below the referenced $357.05 share price. The target indicates concern that CB’s near-term upside is limited despite the strong results. Cantor Fitzgerald rating
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.
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