Chubb (NYSE:CB) Price Target Raised to $278.00 at Wells Fargo & Company
2025-04-26T07:25:05Z
Chubb (NYSE:CB – Get Free Report) had its price objective raised by equities research analysts at Wells Fargo & Company from $268.00 to $278.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “equal weight” rat…
Chubb (NYSE:CB – Get Free Report) had its price objective raised by equities research analysts at Wells Fargo & Company from $268.00 to $278.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.38% from the stock’s previous close.
Several other analysts have also recently issued reports on CB. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. UBS Group raised their price objective on Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. Jefferies Financial Group boosted their target price on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $307.79.
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Chubb Stock Performance
NYSE CB opened at $279.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb has a 1-year low of $243.14 and a 1-year high of $306.91. The business has a 50 day simple moving average of $286.39 and a two-hundred day simple moving average of $281.12. The stock has a market capitalization of $111.82 billion, a PE ratio of 12.28, a P/E/G ratio of 3.36 and a beta of 0.47.
Chubb (NYSE:CB – Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts predict that Chubb will post 21.52 EPS for the current fiscal year.
Insider Activity at Chubb
In other news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. Company insiders own 0.86% of the company’s stock.
Hedge Funds Weigh In On Chubb
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Peoples Bank KS bought a new stake in shares of Chubb in the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in Chubb during the first quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the fourth quarter worth $29,000. Finally, Strategic Financial Concepts LLC purchased a new position in Chubb in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Chubb Company Profile
(Get Free Report)
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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