Stock Update (NYSE:CB): Chubb Broadens Availability of Its Environmental Insurance Products and Services

[PR Newswire] – Insurer Offers Premises Pollution Liability and Other Coverages Through an Expanded Distribution Network PHILADELPHIA, April 25, 2016 /PRNewswire/ — Chubb has broadened the availability of its premises … Read more on this. Chubb Limited (CB) , with a current market cap of $55.06B, started trading this morning at $119.50. A quick look at the market, the company’s stock traded between $118.27 and $119.50 with a trailing 52-week range being $96.00 to $123.17. CB shares are currently priced at 12.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.86x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $2.16 per share, which would be $0.09 worse than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $9.78, which would be a $0.02 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.71 Billion. If reported, that would be a 87.43% increase over the year-ago quarter. More recently, Sandler O’Neill upgraded CB from Hold to Buy (Jan 27, 2016). Previously, Bernstein upgraded CB from Mkt Perform to Outperform. Investors should keep in mind is that the average price target is $127.81, which is 6.95% above where the stock opened this morning. See more in (NYSE:CB) Similar Articles: Stock Update: The Chubb Corporation (NYSE:CB) – Mark James to Lead Chubb’s North America Marine Operations Company Update: The Chubb Corporation (NYSE:CB) – Chubb Launches an Expanded Construction Industry Practice and Broadens Insurance Product and Service Offerings for Midsized Construction Firms Stock Update (NYSE:CB): Pre-Market Scans on Property & Casualty Insurance Stocks — The Chubb, American Intl. Group, Berkshire Hathaway, and MGIC Investment