Chubb Limited (CB) has been an interesting performer in the market, with several twists and turns. The Zacks Research has elevated the EPS estimates for the company for Q3 2024. The company's stock has been performing commendably, outperforming the market on certain days. However, reports of insider selling with the company's COO offloading 34,707 shares raised eyebrows. Trading activities paint a bright picture for the future with June 2025 options beginning. The company's Q4 earnings also missed estimates due to higher catastrophe losses. Despite this, investments continue with firms like Van ECK Associates Corp and GUNN & Co Investment Management increasing their stock position in Chubb Limited. Institutions seem to favour Chubb, with a record of 86% holding by institutional investors. The company recently reported record earnings and strong premium growth for Q4 and Full-Year 2023. It seems to have a solid financial standing with potential for growth. Nonetheless, some shortfalls in performance were observed, and Q1 earnings topped estimates with rising premiums year on year. However, some price target reductions were seen. Chubb Limited is presumed to be a choice for investors with its upcoming dividend.
Chubb Limited CB News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Fri, 10 May 2024 07:01:31 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -5
