BofA Securities has recently reduced Chubb Ltd (CB) stock to Underperform rating, as announced on October 4, 2024, according to Finviz. Earlier, on September 5, 2024, Barclays had initiated the stock to Overweight, setting a price target of $349. William Blair also reduced Underperform rating. Additionally, BofA Securities raised Neutral rating on May 23, 2024, with a target price of $266. HSBC Securities analysts, in their report published on April 4, 2024, also reduced Hold rating and set a price target of $275 for Chubb Ltd’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Chubb Ltd (CB) Stock Trading Recap
On Tuesday, Chubb Ltd (CB) stock saw a decline, ending the day at $272.23 which represents a decrease of $-1.70 or -0.62% from the prior close of $273.93. The stock opened at $275.4 and touched a low of $271.96 during the day, reaching a high of $275.4. The volume of shares traded was 1.48 million falling short of the average volume of 1.69 million.
Sponsored
CB Stock Performance and Moving Averages
In recent trading, Chubb Ltd (CB) stock price has shown some volatility, fluctuating -0.01% over the last five trades and -0.11% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 0.34%, and it has plunged by -3.61% in the previous three months. Currently, CB is trading at 1.07%, -1.21%, and -0.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CB, a Financial sector stock, is trading -9.87% below its 52-week high but remains 13.98% above its 52-week low. The Average True Range (ATR) (14 days) of 5.56 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Chubb Ltd’s Profitability and Valuation Ratios
Chubb Ltd’s profitability metrics reveal financial health. The company currently boasts an operating margin of 20.01% and a profit margin of 16.56%, with a gross margin of 0.34%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Chubb Ltd’s market capitalization stands at $109.74 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.99, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.61. Additionally, the Price-to-Sales Ratio is 1.96, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.67, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.55% of Chubb Ltd (CB)’s shares, while financial institutions hold 90.66%.
Notable insider trades include GREENBERG EVAN G, Chairman & CEO at Chubb Ltd (CB), who sold 30318 shares on Sep 09 ’24, at $289.6 each, totaling $8.78 million. On Sep 06 ’24, GREENBERG EVAN G, Chairman & CEO, sold 30537 shares for $287.25 each, amounting to $8.77 million. Additionally, on Sep 05 ’24, Wayland Joseph F sold 6599 shares at $287.06 each, generating $1.89 million.
