Chubb Ltd (NYSE:CB) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 7, 2016
Yesterday Chubb Ltd (NYSE:CB) traded 2.09% higher at $121.88. The company’s 50-day moving average is $125.62 and its 200-day moving average is $124.74. The last closing price is down -0.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,489,654 shares of the stock traded hands, up from an average trading volume of 1,285,920
Zacks Investment Research has upgraded Chubb Ltd (NYSE:CB) to Hold in a report released on 10/7/2016.
Previously on 09/30/2016, Barclays Capital reported on Chubb Ltd (NYSE:CB) increased the target price from $133.00 to $139.00. At the time, this indicated a possible upside of 0.10%.
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Chubb Ltd has a 52 week low of $105.40 and a 52 week high of $131.00 with a P/E ratio of 20.61 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $130.95 with 5 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About 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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