Chubb Limited (NYSE:CB) finished Wednesday with an addition of $2.18 to close at $201.28, an upside of 1.09 percent. An average of 1,493,060 shares of common stock have been traded in the last five days. There was a fall of -$0.75 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,696,930 shares traded, while the 50-day average volume stands at 1,856,344.
CB stock has increased by 2.95% in the last month. The company shares reached their 1-month lowest point of $195.36 on 07/25/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $173.78 and a high of $231.37 in 52 weeks. It has reached a new high 7 times so far this year and lost -8.76% or -$19.32 in price. In spite of this, the price is down -13.01% from the 52-week high.
Insider Transactions
CB stock investors should be aware that Chubb Limited (CB) stock had its last reported insider trading activity 10 days ago on Aug 14. In this transaction, the insider spent $141,156. Executive Vice President*, BOROUGHS TIMOTHY ALAN, disposed of 1,500 shares at a price of $205.41 on Aug 01. The insider now owns more than $308,115 worth of shares. Prior to that, Director ATIEH MICHAEL G went on to Sale 750 shares at $208.39 each on Jul 28. An amount of $156,292 was transacted.
Valuation Metrics
Chubb Limited (CB) has a trailing price-to-earnings (P/E) ratio of 14.47. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.78, the price-to-book (PB) ratio at 1.57, and the price-to-cash flow ratio at 7.63.
Financial Health
Further, the company has a long term debt to equity ratio of 0.27 and a total debt to equity ratio of 0.28 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Chubb Limited had $13.78 billion in total debt. The company posted a net income of $1.79 billion in the quarter, while revenues of $1.89 billion were grew 32.24%. The analyst consensus anticipated Chubb Limited’s latest quarter earnings to come in at $4.41 per share, but it turned out to be $4.92, a 11.60% surprise. At the end of the quarter ending June 29, Chubb Limited’s stock balance sheet showed total debt was $18.41 billion. Shareholders own equity worth $410.74 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Chubb Limited (CB) price momentum. RSI 9-day as of the close on 23 August was 52.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.39%.
As of today, CB’s price is $200.07 -0.37% or -$0.75 from its 5-day moving average. CB is currently trading -2.24% lower than its 20-day SMA and +4.06% higher than its 100-day SMA. However, the stock’s current price level is +5.63% above the SMA50 and -3.99% below the SMA200.
The stochastic %K and %D were 26.53% and 19.92%, respectively, and the average true range (ATR) was 3.13. With the 14-day stochastic at 44.60% and the average true range at 3.40, the RSI (14) stands at 53.02%. The stock has reached -0.44 on the 9-day MACD Oscillator while the 14-day reading was at -0.77.
Analyst Ratings
Morgan Stanley launched coverage on Chubb Limited (NYSE: CB) in its analyst report released on June 20, 2023. The firm assigned the stock an Equal-weight rating. The consensus rating for Chubb Limited (CB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CB, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.
What is CB’s price target for the next 12 months?
Analysts predict a range of price targets between $192.00 and $270.00, with a median target of $246.50. Taking a look at these predictions, the average price target given by analysts for Chubb Limited (CB) stock is $240.70.
