Chubb Ltd (CB) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 128

Chubb Ltd (CB) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 128 from a previous price target of $120 . RBC Capital Mkts advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Chubb Ltd. Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Outperform” and Lowered the Price Target to $ 120 from a previous price target of $121 .Chubb Ltd was Upgraded by Sandler O’Neill to ” Buy” on Jan 27, 2016.

On the company’s financial health, Chubb Ltd reported $2.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $2.29. The company had revenue of $3629.00 million for the quarter, compared to analysts expectations of $3963.75 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.47 EPS.

Chubb Ltd closed down -0.24 points or -0.20% at $118.57 with 23,28,881 shares getting traded on Monday. Post opening the session at $118.83, the shares hit an intraday low of $118.57 and an intraday high of $120.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 29, 2016, John W Keogh (Executive Vice Chairman*) sold 15,852 shares at $119.36 per share price. According to the SEC, on Mar 21, 2016, Paul Bennett Medini (Chief Accounting Officer) sold 3,633 shares at $121.31 per share price. On Feb 10, 2016, Philip V Bancroft (Chief Financial Officer) sold 14,027 shares at $109.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Chubb Ltd formerly ACE Ltd is a Switzerland-based insurance and reinsurance company. The Company offers commercial and personal property and casualty insurance personal accident and supplemental health insurance travel accident insurance specialty coverage insurances recreational marine and aviation insurance agricultural insurance as well as reinsurance and life insurance. It mainly serves multinational companies small and medium-sized enterprises as well as high net worth individuals. The Company maintains executive offices in Zurich New York and London among others and is present in Latin America North America Asia Europe and Africa. It came into being from a merger of ACE Ltd and Chubb Corp.

Chubb Ltd

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