Chubb (CB) Gets a Buy Rating from Evercore ISI

In a report released yesterday, David Motemaden from Evercore ISI maintained a Buy rating on Chubb (CBResearch Report), with a price target of $244.00. The company’s shares closed last Friday at $204.00.

According to, Motemaden is a 3-star analyst with an average return of 3.9% and a 52.6% success rate. Motemaden covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, W. R. Berkley Corporation, and Arthur J Gallagher & Co.

Chubb has an analyst consensus of Moderate Buy, with a price target consensus of $234.91, which is a 15.0% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $249.00 price target.

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Based on Chubb’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.67 billion and net profit of $1.97 billion. In comparison, last year the company earned revenue of $9.97 billion and had a net profit of $2.3 billion.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CB in relation to earlier this year. Earlier this month, Timothy Alan Boroughs, the EVP* of CB sold 15,933 shares for a total of $3,375,087.

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Chubb Limited, formerly known as ACE Limited, provides insurance and reinsurance products worldwide. With approximately 33,000 employees, the company operates in 54 countries and territories. The company’s insurance products cover life insurance, property and casualty (P&C), accident and health, and reinsurance. Chub is also the world’s largest publicly traded P&C insurance company. The company operates under six segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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