The Chubb Corp Rating Increased to Market Perform at Sanford C. Bernstein (CB)
The Chubb Corp (NYSE: CB) was upgraded by equities research analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research note issued to investors on Tuesday.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Chubb Corp in a research note to investors on Friday, April 20th. They now have a $76.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of The Chubb Corp to $76.00 in a research note to investors on Friday, April 20th. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners downgraded shares of The Chubb Corp from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, April 17th.
The Chubb Corp traded down 0.33% on Tuesday, hitting $73.08. The Chubb Corp has a 52-week low of $55.39 and a 52-week high of $74.38. The company has a market cap of $19.732 billion and a price-to-earnings ratio of 12.50.
The company last announced its quarterly results on Thursday, April 19th. It reported $1.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.51 EPS by $0.19. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that The Chubb Corp will post $1.31 EPS next quarter.
The Chubb Corporation (Chubb) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group).