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Chubb (CB) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Jimmy Bhullar maintained a Hold rating on Chubb (CBResearch Report) on April 1 and set a price target of $212.00. The company’s shares closed last Friday at $216.55, close to its 52-week high of $218.99.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 8.5% and a 57.8% success rate. Bhullar covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Brighthouse Financial, and Prudential Financial.

Currently, the analyst consensus on Chubb is a Moderate Buy with an average price target of $226.69.

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The company has a one-year high of $218.99 and a one-year low of $155.78. Currently, Chubb has an average volume of 1.98M.

Based on the recent corporate insider activity of 85 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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