Chubb (CB) Receives a Hold from Wells Fargo

In a report released today, Elyse Greenspan from Wells Fargo assigned a Hold rating to Chubb, with a price target of $321.00.

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Greenspan covers the Financial sector, focusing on stocks such as Progressive, Arthur J Gallagher & Co, and Brown & Brown. According to TipRanks, Greenspan has an average return of 5.1% and a 52.30% success rate on recommended stocks.

In addition to Wells Fargo, Chubb also received a Hold from Barclays’s Alex Scott in a report issued yesterday. However, on April 6, Wolfe Research maintained a Buy rating on Chubb (NYSE: CB).

Based on Chubb’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.23 billion and a net profit of $3.21 billion. In comparison, last year the company earned a revenue of $14.18 billion and had a net profit of $2.58 billion

Based on the recent corporate insider activity of 103 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, George F. Ohsiek, the CAO of CB sold 770.00 shares for a total of $250,404.00.