The stock of Chubb Limited (NYSE:CB) increased by $0.16 on Tuesday to finish at $214.27, up 0.07 percent. The last five days have seen an average of 2,173,740 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$6.33. The average number of shares traded over the last 20 days was 1,607,845, while the average volume over the last 50 days totaled 1,750,216.
CB stock appreciated 7.19% since last month. On 08/21/23, the company’s shares reached a one-month low of $198.10. The stock touched a high of $231.37 on 01/27/23, after rallying from a low of $173.78 in 52 weeks. The price of CB stock has declined by -2.87% or -$6.33 this year, reaching a new high 7 times. Still, the stock price is down -7.39% from the 52-week high.
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Insider Transactions
CB stock investors should be aware that Chubb Limited (CB) stock had its last reported insider trading activity 27 days ago on Aug 24. On Aug 24, President & COO Keogh John W sold 10,000 shares at $201.01 each. This transaction resulted in the insider making $2,010,100. On Aug 14, Shasta Theodore sold 699 shares at a price of US$201.94. After the transaction, the insider now owns 14,511 shares. Executive Vice President* BOROUGHS TIMOTHY ALAN had earlier sold 1,500 shares on Aug 01 for $205.41 a share. The transaction was completed for $308,115.
Valuation Metrics
Chubb Limited (CB) has a trailing price-to-earnings (P/E) ratio of 15.41. Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.89, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 8.10.
Company paid $0.86 per share in dividends, remained unchanged from $0.86 last year. A $0.03 dividend increase was reported on Wednesday May 17 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.27, and the total debt to equity ratio is 0.28. Chubb Limited’s operating margin stood at 16.50% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CB’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.40%.
Earnings Surprise
According to Chubb Limited’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $11.83 billion, while revenues rose by 15.99% to $11.06 billion. It was predicted that Chubb Limited’s quarterly earnings would be $4.92, but it ended up being $4.41, beating the consensus by 11.60%. At the end of Chubb Limited’s most recent quarter ended June 29, its total debt was $18.41 billion. Equity owned by shareholders amounts to $410.74 million.
Technical Picture
Here’s a quick look at Chubb Limited’s (CB) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 81.90%, suggesting the stock is Overbought, with a 11.99% historical volatility rate.
The stochastic %K and %D were 97.12% and 97.70% respectively, while the average true range (ATR) was 2.90. Based on the 14-day stochastic reading of 94.83%, the RSI (14) reading is 73.63%. On the 9-day MACD Oscillator, the stock is at 4.00, and the 14-day reading is at 6.84.
Analyst Ratings
In its analyst report released on June 20, 2023, Morgan Stanley began covering Chubb Limited (NYSE: CB). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned Chubb Limited (CB) an Overweight rating. CB is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 15 others recommend it as a buy.
What is CB’s price target for the next 12 months?
The current consensus forecast for the stock is between $192.00 and $270.00, with a median target price of $246.50. In analyzing these forecasts, the average price target given by analysts for Chubb Limited (CB) is $240.70.
