Ownership Don’t Lie: Chubb Corp (NYSE:CB) Move Up as Institutional Investors’ Sentiment Increased

November 24, 2016 - By kentuckypostne   ·   0 Comments

Ownership Don't Lie: Chubb Corp (NYSE:CB) Move Up as Institutional Investors' Sentiment  Increased

Sentiment for Chubb Corp (NYSE:CB)

Chubb Corp (NYSE:CB) institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.46, from 0.85 in 2016Q1. The ratio has increased, as 17 investment professionals increased and started new stock positions, while 20 sold and reduced equity positions in Chubb Corp. The investment professionals in our partner’s database now own: 1.47 million shares, down from 1.62 million shares in 2016Q1. Also, the number of investment professionals holding Chubb Corp in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 15 Reduced: 5 Increased: 11 New Position: 6.

Chubb Limited , formerly ACE Limited, is a holding company. The company has a market cap of $59.08 billion. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. It has a 16.93 P/E ratio. The Company’s divisions include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

The stock increased 0.25% or $0.31 on November 23, hitting $126.69. Chubb Ltd (NYSE:CB) has risen 6.19% since April 22, 2016 and is uptrending. It has outperformed by 0.79% the S&P500.

Analysts await Chubb Ltd (NYSE:CB) to report earnings on January, 24. They expect $2.43 earnings per share, up 2.10% or $0.05 from last year’s $2.38 per share. CB’s profit will be $1.13B for 13.03 P/E if the $2.43 EPS becomes a reality. After $2.88 actual earnings per share reported by Chubb Ltd for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

According to Zacks Investment Research, “Chubb Limited is a property and casualty insurance company. It provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. Chubb Limited, formerly known as ACE Limited, is based in Zurich, Switzerland.”

Woodley Farra Manion Portfolio Management Inc holds 2.64% of its portfolio in Chubb Ltd for 130,886 shares. Verity & Verity Llc owns 209,841 shares or 2.32% of their US portfolio. Moreover, Axiom International Investors Llc De has 2.09% invested in the company for 551,105 shares. The Massachusetts-based Penobscot Investment Management Company Inc. has invested 1.96% in the stock. Connors Investor Services Inc, a Pennsylvania-based fund reported 67,354 shares.#img1#

Chubb Ltd (NYSE:CB) Ratings Coverage

Ratings analysis reveals 79% of The Chubb Corporation’s analysts are positive. Out of 14 Wall Street analysts rating The Chubb Corporation, 11 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $42.0 while the high is $147. The stock’s average target of $96.70 is -23.67% below today’s ($126.69) share price. CB was included in 24 notes of analysts from July 24, 2015. The stock of Chubb Ltd (NYSE:CB) has “Outperform” rating given on Wednesday, October 28 by Credit Suisse. The company was upgraded on Wednesday, October 28 by Tudor Pickering. The stock has “Market Perform” rating given by BMO Capital Markets on Monday, July 11. The firm has “Hold” rating given on Thursday, May 12 by Deutsche Bank. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, November 15 report. On Thursday, September 3 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Barclays Capital on Tuesday, October 20 with “Overweight”. RBC Capital Markets maintained it with “Outperform” rating and $120 target price in Thursday, January 28 report. On Wednesday, August 26 the stock rating was initiated by Sterne Agee CRT with “Buy”. Citigroup initiated the shares of CB in a report on Friday, November 13 with “Buy” rating.

CB Company Profile

The Chubb Corporation, incorporated in June 1967, is a holding firm for separately organized, property and casualty insurance companies referred to as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group underwrites property and casualty insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance. For the year ended December 31, 2014, Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance represented 36%, 43% and 21%, respectively, of the Company’s total net premiums written.

More notable recent Chubb Ltd (NYSE:CB) news were published by: Reuters.com which released: “BRIEF-Chubb Ltd says board amended organizational regulations of Chubb Lim…” on November 21, 2016, also Reuters.com with their article: “BRIEF-Chubb Ltd board declares quarterly dividend and authorizes share rep…” published on November 17, 2016, Businessinsurance.com published: “Chubb scores victory in key cyber ruling” on June 02, 2016. More interesting news about Chubb Ltd (NYSE:CB) were released by: Wsj.com and their article: “Chubb’s Operating Earnings Soar” published on July 26, 2016 as well as Nasdaq.com‘s news article titled: “Chubb Limited (CB) Q3 Earnings: Is a Beat in the Cards?” with publication date: October 21, 2016.

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