Chubb (CB) Receives a Buy from KBW
In a report released yesterday, Meyer Shields from KBW maintained a Buy rating on Chubb, with a price target of $373.00.
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According to TipRanks, Shields is a 5-star analyst with an average return of 10.8% and a 65.65% success rate. Shields covers the Financial sector, focusing on stocks such as Progressive, Allstate, and W. R. Berkley Corporation.
In addition to KBW, Chubb also received a Buy from Roth MKM’s Harry Fong in a report issued on April 10. However, on April 9, Wells Fargo assigned a Hold rating to 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.
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