KBW Sticks to Their Buy Rating for Chubb Corp

By Ryan Adsit

KBW analyst Meyer Shields reiterated a Buy rating on Chubb Corp (NYSE: CB) on August 27 and set a price target of $155. The company’s shares opened today at $140.59.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 4.4% and a 68.0% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Currently, the analyst consensus on Chubb Corp is Strong Buy and the average price target is $160, representing a 13.8% upside.

In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $165 price target.

The company has a one year high of $150.28 and a one year low of $121.48. Currently, Chubb Corp has an average volume of 1.31M.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Philip Bancroft, the CFO of CB sold 47,049 shares for a total of $7,003,681.

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 functions as a global insurance and reinsurance organization. It operates through the following business segments: Insurance-North America P and C, Insurance-North American Agriculture, Insurance-Overseas General, Global Reinsurance, and Life.