The Chubb Receives Consensus Rating of “Hold” from Analysts (NYSE:CB)
The Chubb (NYSE:CB) has received a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, Stock Ratings Network reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $92.50.
The Chubb (NYSE:CB) opened at 92.20 on Friday. The Chubb 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 $90.75 and a 200-day moving average of $90.57. The company has a market cap of $22.543 billion and a P/E ratio of 11.02.
The Chubb (NYSE:CB) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by $0.06. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that The Chubb will post $7.35 earnings per share for the current fiscal year.
A number of research firms have recently commented on CB. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb in a research note on Friday, April 25th. They now have a $96.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of The Chubb in a research note on Friday, April 25th. They now have a $92.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of The Chubb in a research note on Tuesday, April 15th. They now have a $82.00 price target on the stock.
In other The Chubb news, EVP Richard Spiro unloaded 15,237 shares of The Chubb stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $93.19, for a total value of $1,419,936.03. Following the completion of the transaction, the executive vice president now directly owns 98,601 shares in the company, valued at approximately $9,188,627. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Chubb Corporation (NYSE:CB) is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group).
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