The Chubb Assigned A Credit Rating by Morningstar (CB)
The Chubb (NYSE:CB) has been given an “A” credit rating by Morningstar. The agency’s “A” rating indicates that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
A number of other firms have also recently commented on CB. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb in a research note on Wednesday. They now have a $97.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, up previously from $94.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of The Chubb in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, down previously from $98.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.44.
The Chubb (NYSE:CB) opened at 91.77 on Friday. The Chubb has a 52 week low of $82.98 and a 52 week high of $97.79. The stock has a 50-day moving average of $90.18 and a 200-day moving average of $90.54. The company has a market cap of $22.069 billion and a P/E ratio of 11.26.
The Chubb (NYSE:CB) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.93 by $0.23. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $1.77 earnings per share. The Chubb’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that The Chubb will post $7.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders of record on Friday, September 19th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.18%.
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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