Chubb Limited [CB] stock is trading at $249.93, up 0.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The CB shares have gain 2.85% over the last week, with a monthly amount drifted -2.50%, and not seem to be holding up well over a long-time horizon.
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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 $234.33 within the next 12 months. Chubb Limited [NYSE: CB] shares were valued at $249.93 at the most recent close of the market. An investor can expect a potential drop of -6.24% based on the average CB price forecast.
Analyzing the CB fundamentals
Chubb Limited [NYSE:CB] reported sales of 51.73B for the trailing twelve months, which represents a growth of 15.57%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, 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 0.16 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 248.79 points at the first support level, and at 247.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 251.40, and for the 2nd resistance point, it is at 252.88.
Chubb Limited [CB] reported earnings per share of $5.41 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.3/share, meaning a difference of $0.11 and a surprise factor of 2.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $5.54 per share as compared to estimates of $5.12 per share, a difference of $0.42 representing a surprise of 8.20%.
Ratios To Look Out For
For context, Chubb Limited’s Current Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 11.09.
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.
