Chubb Corp. (CB) Releases Quarterly Earnings Results
Chubb Corp. (NYSE:CB) issued its quarterly earnings data on Friday. The company reported $2.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.04 by $0.03, Analyst Ratings Network reports.
Shares of Chubb Corp. (NYSE:CB) opened at 86.76 on Friday. Chubb Corp. has a 52 week low of $81.68 and a 52 week high of $97.79. The stock has a 50-day moving average of $91.93 and a 200-day moving average of $90.19. The company has a market cap of $21.843 billion and a P/E ratio of 12.08.
CB has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods downgraded shares of Chubb Corp. from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, January 17th. They now have a $82.00 price target on the stock, down previously from $97.00. On the ratings front, analysts at Barclays downgraded shares of Chubb Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 7th. They now have a $102.00 price target on the stock, down previously from $107.00. Finally, analysts at Janney Montgomery Scott downgraded shares of Chubb Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Chubb Corp. presently has a consensus rating of “Hold” and a consensus target price of $94.00.
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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