Chubb Corp. Downgraded to “Neutral” at Janney Montgomery Scott (CB)
Chubb Corp. (NYSE:CB) was downgraded by analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Chubb Corp. (NYSE:CB) opened at 95.00 on Friday. Chubb Corp. has a one year low of $75.99 and a one year high of $97.79. The stock has a 50-day moving average of $94.88 and a 200-day moving average of $89.53. The company has a market cap of $23.917 billion and a price-to-earnings ratio of 13.52.
Chubb Corp. (NYSE:CB) last released its earnings data on Thursday, October 24th. The company reported $2.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.43. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company posted $1.98 earnings per share. Chubb Corp.’s revenue was up 4.0% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a dividend of 0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, December 18th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. in a research note to investors on Wednesday, December 11th. They now have a $113.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Chubb Corp. from $95.00 to $102.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Chubb Corp. from $92.00 to $98.00 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $95.43.
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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