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Chubb: A Profitable Global Insurer With An Overheated Bull Run, Awaiting Cooler Days
Seeking Alpha· 2024-09-06 23:27
designer491 A Global Insurer the Bulls Have Been Chasing In this week's series of articles, I am continuing on the theme of mega-insurers with an analysis of Chubb Limited (NYSE:CB). To best summarize what this firm does, here is what the company said about itself on its official website: With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse grou ...
This Insurance Stock is Poised for a Breakout
Schaeffers Investment Research· 2024-09-06 14:00
Core Viewpoint - Chubb Ltd (NYSE:CB) is experiencing a breakout to weekly highs after being range-bound since May, following Berkshire Hathaway's investment in the company, presenting a favorable buying opportunity for call options [1] Group 1: Stock Performance - The stock has recently surpassed the 20% year-to-date level, which had previously limited its price movement, indicating a potential upward trend [1] - Short interest has risen by 31.8% over the past month, suggesting that there may be an opportunity for short sellers to cover their positions following the stock's breakout [2] Group 2: Analyst Sentiment - Among the analysts covering Chubb, 12 out of 24 still rate the stock as a "hold" or worse, reflecting lingering pessimism that could lead to further price increases as sentiment shifts [2] Group 3: Options Trading - The current Schaeffer's Volatility Index (SVI) for Chubb is at 15%, placing it in the low 12th percentile of its 12-month range, indicating low volatility expectations from options traders [3] - A recommended November call option has a leverage ratio of 12.3, which means it could double with an 8.5% increase in the underlying stock price [3]
Chubb Appoints Greg Giardiello as Global Controller
Prnewswire· 2024-09-04 13:37
Group 1 - Chubb Limited announced the appointment of Greg Giardiello as Global Controller, effective September 4, 2024 [1][2] - Giardiello will report to George Ohsiek and will be based in Philadelphia, succeeding Mong-Diep "Dee" Le, who is now Chubb's Chief Auditor [1][2] - Peter Enns, CFO of Chubb, emphasized that Giardiello's extensive experience in corporate finance will enhance the existing finance team's capabilities [2] Group 2 - Giardiello has over 30 years of experience in senior finance roles, including positions at QBE Insurance Group, Berkshire Hathaway Specialty Insurance, Marsh & McLennan, and AIG [2] - Chubb operates in 54 countries and territories, providing a wide range of insurance products and services [3] - The company is recognized for its financial strength, extensive product offerings, and global distribution capabilities [3][4]
Forget Berkshire Hathaway, Buy This Magnificent Insurance Stock Instead
The Motley Fool· 2024-08-31 21:12
Berkshire Hathaway remains a great long-term choice for investors. But there are superior options. Throughout history, there has almost never been a bad time to buy shares of Berkshire Hathaway (BRK.A 1.85%) (BRK.B 1.61%). The company, led by legendary investor Warren Buffett, has simply been one of the best investments of all time. However, now valued at nearly $1 trillion, Berkshire isn't the same company it used to be. The future is still very bright, but there are other similar options investors should ...
Chubb Stock Soars to New Peak. Here's Why I'm Doubling Down
The Motley Fool· 2024-08-30 07:33
Warren Buffett is betting billions on this company. You should consider joining him. If you're looking for a stock that can protect your portfolio during a downturn but still beat the market in the long term, look no further than Chubb (CB 1.17%). The more you dig into this company, the more there is to love. Few businesses can match Chubb's multi-decade stability. And there's a famous investor who just bet billions on its stock. Warren Buffett loves this stock It's wise to pay close attention to which stoc ...
Chubb (CB) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-08-28 22:50
Core Insights - Chubb's stock closed at $278.71, reflecting a +0.54% change, outperforming the S&P 500's daily loss of 0.6% [1] - The company is expected to report earnings of $4.86 per share, a year-over-year decline of 1.82%, with projected revenue of $14.51 billion, a 2.98% increase compared to the previous year [2] - For the full year, earnings are projected at $21.20 per share and revenue at $54.13 billion, representing changes of -5.94% and +6.03% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Chubb are crucial as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Chubb at 3 (Hold), with the consensus EPS estimate having increased by 0.22% in the past month [6] Valuation Metrics - Chubb is trading at a Forward P/E ratio of 13.08, slightly above the industry average of 13.05, indicating a premium valuation [7] - The company's PEG ratio stands at 5.45, significantly higher than the industry average of 1.61, suggesting that Chubb's stock may be overvalued relative to its expected earnings growth [8] Industry Context - The Insurance - Property and Casualty industry, to which Chubb belongs, is currently ranked 25 in the Zacks Industry Rank, placing it in the top 10% of over 250 industries [8][9]
Wall Street Analysts Love This 1 Warren Buffett Stock
The Motley Fool· 2024-08-27 00:12
This stock can protect your portfolio without sacrificing upside potential. Analysts at the Bank of Montreal recently revealed a list of 28 stocks they believe are the market's highestquality businesses. "While we continue to be relatively bullish on the outlook for U.S. stocks," the bank revealed, "we do believe that investors will be forced to contend with higher levels of volatility over the near term." By investing in highquality businesses, these analysts believe investors can protect their portfolios ...
Berkshire Hathaway Now Owns 27 Million Shares of This Stock. Should You Follow Warren Buffett's Lead?
The Motley Fool· 2024-08-24 22:06
Berkshire Hathaway can't stop buying shares of this insurance titan. Berkshire Hathaway (BRK.A 0.94%) (BRK.B 0.97%) sold off several stock positions during the second quarter, but Chubb (CB 1.19%) was one of the few stocks that Warren Buffett and his team kept accumulating, adding another 1.1 million shares in the second quarter. This marks the fourth consecutive quarter that Berkshire added shares of the global insurer to its portfolio. The conglomerate now owns 27 million shares, or $7.4 billion in Chubb ...
Chubb (CB) Up 4.6% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-08-22 16:36
A month has gone by since the last earnings report for Chubb (CB) . Shares have added about 4.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Chubb due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Chubb's Q2 Earnings Top Estimates on Higher Premiums Chubb Limit ...
Chubb (CB) Rallies 37% in a Year: More Room for Upside?
ZACKS· 2024-08-21 17:32
Shares of Chubb Limited (CB) have gained 36.6% in a year, outperforming the industry's 28.7% growth. The Finance sector and the S&P 500 Composite have risen 27.7% and 27.6%, respectively, in the said time frame. The average volume of shares traded in the last three months was 1.4 million. A compelling portfolio, strong renewal retention, positive rate increases, strategic initiatives to fuel profitability and a solid capital position drive this Zacks Rank #3 (Hold) insurer. Chubb is one of the world's large ...