Chubb Corp. Receives Average Recommendation of “Hold” from Analysts (NYSE:CB)
Chubb Corp. (NYSE:CB) has earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the company, StockRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $93.57.
Shares of Chubb Corp. (NYSE:CB) traded up 0.12% on Monday, hitting $84.47. 279,632 shares of the company’s stock traded hands. Chubb Corp. has a one year low of $81.68 and a one year high of $97.79. The stock has a 50-day moving average of $90.09 and a 200-day moving average of $89.97. The company has a market cap of $20.974 billion and a price-to-earnings ratio of 9.33.
Chubb Corp. (NYSE:CB) last announced its earnings results on Friday, January 31st. The company reported $2.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.04 by $0.03. On average, analysts predict that Chubb Corp. will post $7.41 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Chubb Corp. in a research note to investors on Tuesday, February 4th. They now have a $104.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Chubb Corp. to $99.00 in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Finally, 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.
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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