Chubb (CB) Receives a Hold from Mizuho Securities
In a report released today, Yaron Kinar from Mizuho Securities maintained a Hold rating on Chubb, with a price target of $335.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Kinar covers the Financial sector, focusing on stocks such as Allstate, Chubb, and Aon. According to TipRanks, Kinar has an average return of 11.0% and a 65.48% success rate on recommended stocks.
In addition to Mizuho Securities, Chubb also received a Hold from Wells Fargo’s Elyse Greenspan in a report issued on April 9. However, yesterday, Bank of America Securities maintained a Sell 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.
Read More on CB:
