Barclays Believes Chubb Limited (CB) Still Has Room to Grow


Barclays analyst Jay Gelb maintained a Buy rating on Chubb Limited (CB) on May 21 and set a price target of $167. The company’s shares closed yesterday at $148.02, close to its 52-week high of $148.39.

According to TipRanks.com, Gelb is a 5-star analyst with an average return of 7.8% and a 68.5% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and AXA Equitable Holdings Inc.

Currently, the analyst consensus on Chubb Limited is a Hold with an average price target of $151.67.

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Chubb Limited’s market cap is currently $67.82B and has a P/E ratio of 17.60. The company has a Price to Book ratio of 1.30.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

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Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance.

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