In a report released yesterday, David Motemaden from Evercore ISI maintained a Buy rating on Chubb (CB – Research Report), with a price target of $244.00. The company’s shares closed last Tuesday at $211.29, close to its 52-week high of $218.99.
According to TipRanks.com, Motemaden is a 4-star analyst with an average return of 7.4% and a 71.9% 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 $234.08, which is an 11.1% upside from current levels. In a report issued on May 20, Barclays also maintained a Buy rating on the stock with a $249.00 price target.
Chubb’s market cap is currently $89.36B and has a P/E ratio of 11.23.
Based on the recent corporate insider activity of 84 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. Last month, John Keogh, the President & COO of CB sold 64,565 shares for a total of $13,454,517.
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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