Wells Fargo Keeps Their Buy Rating on Chubb Limited (CB)

In a report released today, Elyse Greenspan from Wells Fargo maintained a Buy rating on Chubb Limited (CB), with a price target of $160. The company’s shares opened today at $133.51.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.5% and a 60.2% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Currently, the analyst consensus on Chubb Limited is a Strong Buy with an average price target of $161.

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Based on Chubb Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.72 billion and net profit of $1.23 billion. In comparison, last year the company earned revenue of $8.6 billion and had a GAAP net loss of $70 million.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Timothy Alan Boroughs, the EVP* of CB sold 14,971 shares for a total of $2,086,508.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chubb Ltd. is 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. It operates through the following geographical segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance. The company was founded on January 14, 2016 and is headquartered in Zurich, Switzerland.

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