Hot Stock Alert: Chubb Limited (NYSE: CB)
I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.
Address: 924 Heritage Road Visalia, CA 93291, USA
Phone: (+1) 559-735-0405
Email: Carolynscherer@techbusinessweek.com
ZURICH, January 18, 2019 – Shares of Chubb Limited (NYSE: CB) gained 0.12% to $152.84. The stock grabbed the investor’s attention and traded 269.520K shares as compared to its average daily volume of 1.55M shares. The stock’s institutional ownership stands at 90.60%.
Chubb Limited (NYSE: CB) reported net income for the quarter ended September 30, 2019 of $1,091.0M, or $2.38 per share, compared with $1,231.0M, or $2.64 per share, for the same quarter last year. Core operating income was $1,236.0M, or $2.70 per share, compared with $1,122.0M, or $2.41 per share, for the same quarter last year. The property and casualty (P&C) combined ratio was 90.2% and the Global P&C combined ratio, which excludes Agriculture, was 88.9%. Book and tangible book value per share increased 2.0% and 3.3%, respectively, from June 30, 2019 and now stand at $120.33 and $76.21, respectively. Several factors positively impacted book value in the quarter contributing to an increase of $263.0M after-tax. Net realized and unrealized gains of $503.0M in the company’s investment portfolio, due to a decline in interest rates, were partially offset by mark-to-market losses in the company’s variable annuity reinsurance portfolio of $112.0M and unfavorable foreign currency movement of $116.0M. Annualized ROE and core operating ROE were 8.1% and 9.5%, respectively. Annualized core operating return on tangible equity was 15.6%.
CB has a market value of $70.54B while its EPS was booked as $7.85 in the last 12 months. The stock has 462.09M shares outstanding. Beta value of the company was 0.65; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.60.
