Chubb Limited (CB) was Downgraded to a Hold Rating at Morgan Stanley

By Austin Angelo

In a report released today, Kai Pan from Morgan Stanley downgraded Chubb Limited (CBResearch Report) to Hold. The company’s shares closed yesterday at $140.21, close to its 52-week high of $141.59.

Pan has an average return of 12.7% when recommending Chubb Limited.

According to TipRanks.com, Pan is ranked #2113 out of 5191 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Chubb Limited with a $144 average price target, which is a 2.7% upside from current levels. In a report issued on April 3, Sandler O’Neill also downgraded the stock to Hold.

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The company has a one-year high of $141.59 and a one-year low of $119.54. Currently, Chubb Limited has an average volume of 1.54M.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CB in relation to earlier this year. Most recently, in February 2019, Philip Bancroft, the EVP* of CB bought 2,596 shares for a total of $99,972.

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. operates as 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.