Drexel Hamilton Starts Chubb Corporation (CB) at Buy
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Price: $88.80 +0.19%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade CB Now!
Drexel Hamilton initiates coverage on Chubb Corporation (NYSE: CB) with a Buy. PT $75.00.
Analyst, Gloria L. Vogel, said, "We consider Chubb to represent a “quality” stock within the insurance sector, in that the firm has historically maintained a strong balance sheet, a solid dividend, and good growth dynamics. Its financial strength rating is A++ by A.M. Best, AA by S&P, and Aa2 by Moody’s. At year-end 2011, liquidity was strong at the holding company with $2.2 billion of investments including $1 billion of short-term investments."
"While growth in 2012 will be slow, we expect more normal catastrophe losses, improved pricing, and continued share buybacks to boost 2013 earnings...We estimate EPS of $5.57 for 2012 and $6.57 for 2013."
For an analyst ratings summary and ratings history on Chubb Corporation click here. For more ratings news on Chubb Corporation click here.
Shares of Chubb Corporation closed at $67.68 yesterday, with a 52 week range of $55.39-$71.76.
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Analyst, Gloria L. Vogel, said, "We consider Chubb to represent a “quality” stock within the insurance sector, in that the firm has historically maintained a strong balance sheet, a solid dividend, and good growth dynamics. Its financial strength rating is A++ by A.M. Best, AA by S&P, and Aa2 by Moody’s. At year-end 2011, liquidity was strong at the holding company with $2.2 billion of investments including $1 billion of short-term investments."
"While growth in 2012 will be slow, we expect more normal catastrophe losses, improved pricing, and continued share buybacks to boost 2013 earnings...We estimate EPS of $5.57 for 2012 and $6.57 for 2013."
For an analyst ratings summary and ratings history on Chubb Corporation click here. For more ratings news on Chubb Corporation click here.
Shares of Chubb Corporation closed at $67.68 yesterday, with a 52 week range of $55.39-$71.76.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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