RBC Capital Cuts Esimates on Chubb Corporation (CB)

RBC Capital analyst Mark Dwelle reiterated an Outperform rating and $175.00 price target on Chubb Corporation (NYSE: CB) after adjusting 1Q21 estimates to include the additional impact from Q1 catastrophe events (primarily Texas winter storm Uri).

The analyst stated "We are lowering our Q1 estimate to $2.56 from $2.86, which results from increasing our estimate of Q1 catastrophe losses from $290 million to $450 million." He went on to state "Chubb is slated to report results after the close on Tuesday, April 27th, with a call at 8:30 A.M. the following day. We expect the company will continue to show mid-single-digit premium growth and we are expecting 1.2 points of accident year margin improvement (to 86.3%)."

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 $160.92 yesterday.

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