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Raymond James Stick to Their Buy Rating for Chubb

Published 07/26/2021, 07:36 AM
Updated 07/26/2021, 07:36 AM


Raymond James analyst Charles Peters reiterated a Buy rating on Chubb (NYSE:CB) on Monday, setting a price target of $200, which is approximately 19.83% above the present share price of $166.9.

Peters expects Chubb to post earnings per share (EPS) of $5.10 for the third quarter of 2021.

The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Chubb, with an average price target of $182.08.
The analysts price targets range from a high of $200 to a low of $146.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $9.97 billion and a net profit of $0. The company's market cap is $75.05 billion.

According to TipRanks.com, Raymond James analyst Charles Peters is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 64.76% success rate.

Chubb Limited, formerly known as ACE Limited, provides insurance and reinsurance products worldwide. With approximately 33,000 employees, the company operates in 54 countries and territories. The company’s insurance products cover life insurance, property and casualty (P&C), accident and health, and reinsurance. Chub is also the world’s largest publicly traded P&C insurance company. The company operates under six segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.

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