Chubb (CB), Dips More Than Other Markets
In the most recent trading session, Chubb (CB), closed at $224.63. This is a -1.13% increase from the previous day. This move lagged the S&P 500’s daily loss of 0.2%. The Dow lost 1.14% while the tech-heavy Nasdaq gained 1.39%.
The shares of the insurer gained 7.19% in the last month before today’s trading. This has lagged the Finance sector’s gain of 7.8% and outpaced the S&P 500’s gain of 4.01% in that time.
As it approaches its next earnings release on January 31, 2023, Chubb will be trying to show strength. Analysts expect that Chubb will post earnings of $4.26 per share in the report. This would represent an increase of 11.81% year-over-year. The most recent consensus estimate for the quarter is $11.58 billion. This is 13.24% more than in the year-ago period.
Investors should keep track of any changes in analyst estimates for Chubb. These revisions usually reflect short-term trends in business, which are subject to change often. Positive estimate revisions are a sign of optimism among analysts about the company’s future business prospects and profitability.
We believe that these revisions to estimates are directly related with near-team stock moves based on our research. We have created the Zacks Rank to benefit from this. It is a proprietary model that takes into account these estimate revisions and gives an actionable rating system.
Ranging from #1 (Strong Sell) to #5 (“Strong Buy”), the Zacks Rank System has a proven track record of outperformance. Since 1988, #1 stocks have averaged +25% annually. Our consensus EPS projections have moved 0.39% higher in the last 30 days. Currently, Chubb has a Zacks Rank #3 (Hold).
Chubb’s Forward P/E ratio is 13.22. This is a significant discount when compared to the industry’s average Forward PE ratio of 14.61.
CB’s current PEG ratio stands at 1.32. Although the PEG ratio is similar in concept to the P/E ratio, it also considers the company’s expected earnings growth rate. As of yesterday’s close, the Insurance – Property and Casualty sector had an average PEG ratio 1.66.
The Finance sector also includes the Insurance – Property and Casualty industry. The Zacks Industry Rank currently for this industry is 143. This places it in the bottom 44% out of 250+ industries.
The Zacks Industry Rank measures the strength of individual industry groups by measuring their average Zacks Rank. Our research has shown that the top half of industries are rated higher than the bottom 50% by a factor 2 to 1.
Zacks.com will allow you to track all these stock-moving metrics in the upcoming trading sessions.
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Chubb Limited (CB) : Free Stock Analysis Report