Chubb Limited (CB) stock hits $245.21: Is it a good time to buy or wait for a dip?

Chubb Limited [CB] stock is trading at $245.21, up 0.32%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CB shares have lost -1.14% over the last week, with a monthly amount drifted -4.32%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Chubb Limited [NYSE: CB] stock has seen the most recent analyst activity on April 04, 2024, when HSBC Securities downgraded its rating to a Hold and also revised its price target to $270 from $275. Previously, Citigroup downgraded its rating to Neutral on March 14, 2024, and elevated its price target to $275. On January 10, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $254 on the stock. Goldman downgraded its rating to a Neutral but stick to its price target of $222 on January 08, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $263 as its price target on December 28, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on December 18, 2023, and downed its price target to $240. In a note dated October 05, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $269 on this stock.

Chubb Limited [CB] stock has fluctuated between $183.71 and $260.58 over the past year. Currently, Wall Street analysts expect the stock to reach $232 within the next 12 months. Chubb Limited [NYSE: CB] shares were valued at $245.21 at the most recent close of the market. An investor can expect a potential drop of -5.39% based on the average CB price forecast.

Analyzing the CB fundamentals

Chubb Limited [NYSE:CB] reported sales of 50.00B for the trailing twelve months, which represents a growth of 14.40%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 244.34 points at the first support level, and at 243.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 246.36, and for the 2nd resistance point, it is at 247.50.

Ratios To Look Out For

For context, Chubb Limited’s Current Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 11.23.

Transactions by insiders

Recent insider trading involved BOROUGHS TIMOTHY ALAN, Executive Vice President*, that happened on Mar 20 ’24 when 14303.0 shares were sold. Executive Vice President*, BOROUGHS TIMOTHY ALAN completed a deal on Mar 20 ’24 to sell 5697.0 shares. Meanwhile, Vice Chrm, Chubb Group* Lupica John J sold 34464.0 shares on Mar 19 ’24.

Related Posts