Chubb Limited ($CB) Stock Forecast: Down 2.8% Today

What is Chubb Limited?

Chubb Limited (NYSE: CB) is a global insurance company with a market capitalization of $118.01 billion. The stock has shown strong performance over the years, outperforming the market consistently.

Why is Chubb Limited going down?

CB stock is down 2.8% on Oct 7, 2024 14:35

• Despite Chubb's historical strong performance, today's bearish movement can be attributed to an analyst downgrading the stock to Underperform from Neutral, despite the recent surge in stock price.
• The slowdown in Chubb's growth compared to its peers might have raised concerns among investors, leading to the bearish trend.
• The market's reaction to the analyst downgrade and the overall rise in the market contrasts with Chubb's historical outperformance, indicating a shift in investor sentiment towards the stock.
• Investors might be cautious about Chubb's future earnings potential, as highlighted by the uncertainty surrounding its next earnings report despite its impressive earnings surprise history.

CB Price Chart

CB Technical Analysis

CB News

Chubb's Growth Slows Vs. Peers, Analyst Downgrades Despite Stock Surge - Chubb ( NYSE:CB )

BofA Securities analyst Joshua Shanker downgraded Chubb Limited CB to Underperform from Neutral, while raising the price target to $275 from $264. The analyst downgraded the stock after a period of strong outperformance ( up 29% YTD and 41% over the past year ) in CB shares and the broader P&C ...

https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41189709/chubbs-growth-slows-vs-peers-analyst-downgrades-despite-stock-surge

This Li Auto Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday - BHP Group ( NYSE:BHP ) , Chubb ( NYSE:CB )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HSBC analyst Sean McLoughlin downgraded the rating for GE Vernova Inc.

https://www.benzinga.com/news/24/10/41186183/this-li-auto-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-friday

Chubb ( CB ) Stock Slides as Market Rises: Facts to Know Before You Trade

Chubb (CB) closed the most recent trading day at $291.33, moving -0.27% from the previous trading session.

https://www.zacks.com/stock/news/2345017/chubb-cb-stock-slides-as-market-rises-facts-to-know-before-you-trade

$100 Invested In This Stock 20 Years Ago Would Be Worth $800 Today - Chubb ( NYSE:CB )

Chubb CB has outperformed the market over the past 20 years by 2.77% on an annualized basis producing an average annual return of 11.19%. Currently, Chubb has a market capitalization of $118.01 billion.

https://www.benzinga.com/insights/news/24/10/41125600/100-invested-in-this-stock-20-years-ago-would-be-worth-800-today

Will Chubb ( CB ) Beat Estimates Again in Its Next Earnings Report?

Chubb (CB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2344270/will-chubb-cb-beat-estimates-again-in-its-next-earnings-report

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Chubb Limited Price History

07.09.2024 - CB Stock was down 2.8%

• Despite Chubb's historical strong performance, today's bearish movement can be attributed to an analyst downgrading the stock to Underperform from Neutral, despite the recent surge in stock price.
• The slowdown in Chubb's growth compared to its peers might have raised concerns among investors, leading to the bearish trend.
• The market's reaction to the analyst downgrade and the overall rise in the market contrasts with Chubb's historical outperformance, indicating a shift in investor sentiment towards the stock.
• Investors might be cautious about Chubb's future earnings potential, as highlighted by the uncertainty surrounding its next earnings report despite its impressive earnings surprise history.

25.09.2023 - CB Stock was up 6.3%

• Chubb's Q3 earnings surpassed estimates, reflecting higher premium revenue growth and improved underwriting income.
• The company reported record core operating income in Q3 2023.
• Chubb's quarterly profit beat expectations due to higher investment returns.
• Overall, Chubb's strong performance in Q3 and positive financial results contributed to the bullish market movement.

09.03.2024 - CB Stock was down 1.9%

• Chubb's stock experienced a bearish movement due to an analyst downgrade from Buy to Hold and a decrease in the price target.
• Market sentiment was affected by demands for scrutiny on an underwriter of a significant appeal bond, potentially impacting Chubb's stock negatively.
• Despite a strong historical performance, recent actions from analysts may have prompted investors to sell off, leading to today's bearish movement in the stock.

13.09.2023 - CB Stock was up 1.5%

• Chubb (CB) is expected to beat estimates in its next earnings report, indicating positive market sentiment.
• The stock saw an improvement in its relative strength rating, suggesting strong price performance.
• AXIS Capital (AXS), a competitor in the insurance industry, is also performing well, which could be contributing to the positive market movement of Chubb.
• Employers Holdings (EIG), another insurance company, is also recommended for investment, indicating a positive sentiment in the industry as a whole.

04.03.2024 - CB Stock was down 0.8%

• Chubb's stock price fell by 0.6% due to a price target reduction by an analyst and a downgrade from Buy to Hold.
• Despite an upgrade in Chubb's stock rating from "hold" to "buy," it did not offset the negative effects of the price target reduction and downgrade.
• Insider selling activity within Chubb Limited may have played a part in the bearish movement as investors responded to company executives' actions.
• In conclusion, the bearish trend in Chubb's stock today was likely influenced by the price target reduction, downgrade, and insider selling activity.

15.11.2023 - CB Stock was down 3.1%

• Chubb announced a partnership with NetSPI to enhance clients' cyber-risk profiles, which may have been seen as a positive development. However, this news does not seem to directly impact the bearish movement of CB stock.
• The hiring of a new head for consumer lines in Chubb's international general insurance business does not provide any clear indication of why the stock had a bearish movement.
• CCM Investment Advisers LLC reduced its position in Chubb Limited during the second quarter, which could have contributed to the bearish movement.
• The overall sustained momentum of Chubb Limited in the third quarter did not translate into outperformance, which might have disappointed investors and led to the bearish movement.
• Overall, the bearish movement of Chubb Limited's stock today may be attributed to factors such as reduced positions by investors and the disappointment in the company's performance compared to the broader market. The news articles do not provide a clear direct cause for the bearish movement.

26.05.2023 - CB Stock was down 1.6%

• CB had a strong bearish movement today.
• The appointment of Michael O'Donnell as COO of Global Reinsurance did not have a positive impact on the stock.
• Despite the positive news about CB's new business and strong renewal retention, the market movement suggests that investors were not impressed.
• It is possible that the drop in CB's stock price is due to broader market trends or other factors not mentioned in the provided articles.

28.05.2023 - CB Stock was down 2.5%

• The appointment of Michael O'Donnell as the COO of Global Reinsurance may have caused uncertainty or concerns among investors, leading to the bearish movement in CB stock.
• The positive consumer sentiment in the US, as indicated by the improvement in the CB Consumer Confidence Index, did not have a significant impact on CB stock.
• The news about Chubb Limited's strong renewal retention and well-performing commercial businesses may have been overshadowed by other factors, contributing to the bearish movement.
• The increase in Chubb Limited's shareholding by Mayflower Financial Advisors LLC did not have a positive impact on the stock's performance today.

26.06.2023 - CB Stock was up 5.1%

• Chubb's Q2 net income jumped 50.7% to $1.79 billion compared to the same quarter last year, indicating strong financial performance.
• The company's core operating income rose to $2.04 billion, surpassing Wall Street expectations.
• Chubb's robust underwriting and strong investment returns contributed to its quarterly profit beating estimates.
• The recovery of investment income in the insurance industry, along with the overall market rally, has positively impacted Chubb's performance.

16.04.2024 - CB Stock was up 5.1%

• CB stock surged following Berkshire Hathaway's disclosure of a significant ownership stake, signaling confidence in the company's future.
• Walmart's impressive profit announcement further boosted optimism in the market, potentially impacting various sectors.
• Positive market sentiment was also driven by Plug Power's hydrogen deal in Australia and Nvidia's partnership with Northrop Grumman, highlighting innovation and growth potential.
• The bullish trend in CB stock can be attributed to robust corporate performances, key partnerships, and notable investor activities, reflecting a broader market trend towards optimism and growth.