Chubb Corp.’s “Outperform” Rating Reaffirmed at Zacks (CB)
Chubb Corp. (NYSE:CB)‘s stock had its “outperform” rating restated by Zacks in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a $107.00 price target on the stock. Zacks‘ price target points to a potential upside of 18.68% from the company’s current price.
Zacks‘ analyst wrote, “Chubb Corp. has shown favorable underwriting results over past many quarters. We ecpect the trend to continue given its superior franchise and a significant presence in its niche market. Chubb’s Commercial insurance segment has been consistently reporting favorable earnings results. The segment has been witnessing low-single-digits increase in average renewal rates for the past several quarters. The retention ratio stands at a stable level. Chubb’s Personal Insurance segment is also witnessing a gradual market improvement. Chubb’s international business has been performing strongly and is key to its future growth. Strong capital management witnessed by regular share repurchases and a continuous dividend increase for the past several years makes the stock a favorite among investors. We thus maintain an Outperform recommendation on the stock.”
CB has been the subject of a number of other recent research reports. Analysts at Deutsche Bank downgraded shares of Chubb Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 5th. They now have a $83.00 price target on the stock, down previously from $94.00. Separately, analysts at UBS AG raised their price target on shares of Chubb Corp. to $96.00 in a research note to investors on Friday, July 26th. Finally, analysts at Macquarie downgraded shares of Chubb Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 15th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.29.
Shares of Chubb Corp. (NYSE:CB) traded up 0.87% on Friday, hitting $90.16. The stock had a trading volume of 764,558 shares. Chubb Corp. has a 52 week low of $73.22 and a 52 week high of $90.70. The stock’s 50-day moving average is $87.22 and its 200-day moving average is $87.09. The company has a market cap of $23.037 billion and a price-to-earnings ratio of 12.70.
Chubb Corp. (NYSE:CB) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.15. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. Analysts expect that Chubb Corp. will post $7.54 EPS for the current fiscal year.
The Chubb Corporation (NYSE:CB) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).
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