Time to Reconsider Chubb Ltd (CB) After Touching 52-Week High?

June 19, 2017 - By Henry Gaston

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.48, from 1.31 in 2016Q3. It dropped, as 6 investors sold Chubb Ltd shares while 6 reduced holdings. 2 funds opened positions while 8 raised stakes. 927,970 shares or 14.77% less from 1.09 million shares in 2016Q3 were reported.
Woodley Farra Manion accumulated 141,562 shares or 2.54% of the stock. Connors Investor invested in 1.68% or 74,388 shares. Eqis Cap Mngmt Incorporated accumulated 6,049 shares. 4,525 are owned by Baldwin Investment Mngmt Ltd Liability Corporation. Fruth Inv Mgmt has invested 0.52% in Chubb Ltd (NYSE:CB). Hudson Valley Invest Advsrs Adv has 21,854 shares. Cibc Ww Mkts has 96,967 shares for 0.13% of their portfolio. Rowland Investment Counsel Adv owns 45,538 shares. Cleararc has 11,308 shares. Covington Mngmt holds 0.99% or 84,871 shares. Lmr Ptnrs Llp has invested 0.06% in Chubb Ltd (NYSE:CB). 263 were accumulated by Vantage Invest Advsr Limited Liability. Axiom International Limited Liability Corporation De stated it has 364,265 shares. Penobscot Investment Mngmt Com invested 1.94% of its portfolio in Chubb Ltd (NYSE:CB). Jolley Asset Limited Liability reported 0.05% in Chubb Ltd (NYSE:CB).

The stock of Chubb Ltd (NYSE:CB) hit a new 52-week high and has $156.57 target or 6.00 % above today’s $147.71 share price. The 5 months bullish chart indicates low risk for the $69.05B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $156.57 price target is reached, the company will be worth $4.14B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 190,327 shares traded. Chubb Ltd (NYSE:CB) has risen 10.92% since June 19, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Analysts await Chubb Ltd (NYSE:CB) to report earnings on July, 25. They expect $2.56 earnings per share, up 13.78 % or $0.31 from last year’s $2.25 per share. CB’s profit will be $1.20 billion for 14.42 P/E if the $2.56 EPS becomes a reality. After $2.48 actual earnings per share reported by Chubb Ltd for the previous quarter, Wall Street now forecasts 3.23 % EPS growth.

Chubb Ltd (NYSE:CB) Ratings Coverage

Among 17 analysts covering The Chubb Corporation (NYSE:CB), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. The Chubb Corporation had 28 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $153 target in Thursday, April 27 report. Wood maintained Chubb Ltd (NYSE:CB) on Friday, April 28 with “Buy” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 20. Cowen & Co maintained the stock with “Outperform” rating in Friday, November 6 report. The company was maintained on Friday, January 22 by Deutsche Bank. Keefe Bruyette & Woods maintained Chubb Ltd (NYSE:CB) rating on Thursday, June 1. Keefe Bruyette & Woods has “Buy” rating and $15000 target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, January 28 report. BMO Capital Markets downgraded Chubb Ltd (NYSE:CB) on Monday, July 11 to “Market Perform” rating. The rating was upgraded by Bernstein to “Outperform” on Friday, July 31. The company was downgraded on Tuesday, November 15 by Goldman Sachs.

More important recent Chubb Ltd (NYSE:CB) news were published by: Businessinsurance.com which released: “Chubb increases terrorism insurance limits” on June 12, 2017, also Gurufocus.com published article titled: “Chubb Ltd (CB) Chairman & CEO Evan G Greenberg Sold $10 million of Shares”, Reuters.com published: “MOVES-Insurer Chubb names Kyle Bryant cyber risk manager for Europe” on May 30, 2017. More interesting news about Chubb Ltd (NYSE:CB) was released by: Businessinsurance.com and their article: “Argo names former Chubb exec to head Latin America” with publication date: June 12, 2017.

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance services and products to clients around the world. The company has market cap of $69.05 billion. The Company’s divisions include North America Commercial property and casualty Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It has a 14.55 P/E ratio. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management.

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