Monthly Stock Report: Chubb Limited (CB)
Published Date: September 22, 2024
Company Overview
Chubb Limited (CB), headquartered in Zurich, Switzerland, is a prominent global insurance provider in the financial services industry. The company specializes in property and casualty insurance, offering a diverse range of products tailored for both commercial and personal markets. These include specialized coverage for large corporations and affluent individuals. Formerly known as ACE Limited, Chubb rebranded in January 2016. Today, it stands as a stable option for investors looking for long-term growth in the insurance sector.
Investment Outlook
The insurance sector, particularly the Property & Casualty segment, presents a compelling investment opportunity. Chubb currently holds a strong buy recommendation, with a notable high price target at $349.00, reflecting solid potential upside from its current stock price of $290.66. The company reported impressive total revenues of approximately $53.62 billion, indicating robust market performance and ongoing growth potential. However, investors should note the absence of EBITDA metrics, which could raise questions regarding operational profitability and overall financial health.
Investors may find the relatively low short interest of 0.0138% of the float appealing, signaling cautious optimism about future stock performance. With 403,934,016 shares outstanding and a float of 374,588,393, this backs an overall positive sentiment towards Chubb’s market trajectory. A mean recommendation score of 2.4 from 20 analysts further supports this view, suggesting now may be an opportune time for acquisition.
Stock Performance
Chubb Limited’s current stock price of $290.66 is positioned just below its 52-week high of $294.18, demonstrating strong market resilience. The stock has shown remarkable recovery from a 52-week low of $204.15, highlighting its solid performance in the current economic environment. Furthermore, the fifty-day moving average stands at $275.36, with the current price exceeding this benchmark, indicating a positive trend. While the target mean price aligns closely at $284.95, its variability, ranging from a low of $249.00 to a high of $349.00, suggests a generally optimistic market sentiment toward Chubb Limited.
| Metric | Value |
|---|---|
| Market Cap | $117.4b |
| Total Debt | $20.9b |
| Total Cash | $6.9b |
| Shares Outstanding | 403.9m |
| Float Shares | 374.6m |
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