Chubb Ltd (NYSE:CB) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 28, 2016
Yesterday Chubb Ltd (NYSE:CB) traded 0.19% higher at $124.60. The company’s 50-day moving average is $126.20 and its 200-day moving average is $124.57. The last stock close price is up 0.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 221,557 shares of the stock were exchanged, down from an average trading volume of 1,284,420
Zacks Investment Research has downgraded Chubb Ltd (NYSE:CB) to Sell in a report released on Wednesday September 28, 2016.
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Chubb Ltd has a price-earnings ratio of 20.68 with a one year low of $100.11 and a one year high of $131.00 CB’s total market value is presently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $130.95 with 5 brokerages rating the stock a strong buy, 15 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Chubb Ltd (NYSE:CB)
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company's segments 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. It provides traditional and specialty property and casualty (P&C) coverage for industrial, commercial and mid-market companies with claims and risk engineering capabilities to serve companies of various sizes. Its commercial P&C business is focused on various corporate customers that are served by retail brokers, middle market and small commercial companies served by retail independent agents and brokers, and specialty excess and surplus lines distributed through wholesale brokers. On the consumer insurance side, it offers a range of products for individual consumers and their families.
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