The price of Chubb Limited (NYSE:CB) shares last traded on Wall Street rose 0.42% to $276.54.
CB stock price is now -2.65% away from the 50-day moving average and 2.16% away from the 200-day moving average. The market capitalization of the company currently stands at $111.26B.
With the price target enhanced from $264 to $275, BofA Securities Downgraded its rating from Neutral to Underperform for Chubb Limited (NYSE: CB). On September 05, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $349, while ‘William Blair’ rates the stock as ‘Underperform’
In other news, GREENBERG EVAN G, Chairman & CEO sold 30,318 shares of the company’s stock on Sep 09 ’24. The stock was sold for $8,780,093 at an average price of $289.60. Upon completion of the transaction, the Chairman & CEO now directly owns 553,664 shares in the company, valued at $153.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Chairman & CEO GREENBERG EVAN G sold 30,537 shares of the business’s stock. A total of $8,771,753 was realized by selling the stock at an average price of $287.25. This leaves the insider owning 583,982 shares of the company worth $161.49 million. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, Chubb Limited has had a low of $220.23 and a high of $302.05. According to the stock market information, the enterprise value for the company is $129821376512, which is based on a 11.30 price-to-earnings ratio, a 5.69 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for CB is $284.3154 and a two-hundred day moving average price translates $270.58395 for the stock.
The latest earnings results from Chubb Limited (NYSE: CB) was released for 2024-09-30. The net profit margin was 18.19% and return on equity was 16.93% for CB. The company reported revenue of $14.85 billion for the quarter, compared to $13.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.19 percent.
