Shares of Chubb Ltd. (NYSE: CB) were just recently upgraded by an equity research analyst at Atlantic Equities, which is a bullish signal for existing and potential investors in CB stock. Here’s what you need to know about the analyst upgrade:
Atlantic Equities Upgrades CB Stock
Atlantic Equities moved its rating on shares of CB from sell to neutral and moved its price target on Chubb stock to $240. The last traded price per share of CB at the time of writing this is $205.10, implying some measurable potential upside from here. In case you’re not very familiar with Chubb Limited, here’s an overview:
About Chubb Ltd. (NYSE: CB)
Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company’s North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm and ranch property, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction risk; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company’s Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual term life, group term life, medical and health, personal accident, credit life, universal life, and unit linked contracts. The company markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland. You can learn more on the Chubb website here.