Company Update: The Chubb Corporation (NYSE:CB) – Colorado Cleantech Industries Association Renews Its Endorsement of Chubb

[PR Newswire] – DENVER, March 9, 2016 /PRNewswire/ — The Colorado Cleantech Industries Association has extended for three years its endorsement of Chubb as a preferred provider of global property and casualty insurance solutions to its members. Martin Kunz, assistant vice president and clean tech executive field underwriter, Chubb, said, “We are excited to continue our relationship with one of the preeminent clean tech industry associations. Read more on this. Chubb Limited (CB) , valued at $54.17B, opened at $117.00. Looking at the equity, the company’s one day range is $116.45 to $117.78 and has traded between $96.00 and $119.86 over the past year. Priced at 11.82x this year’s forecasted earnings, CB shares are relatively inexpensive compared to the industry’s 14.56x forward p/e ratio. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $2.29 per share, which would be $0.04 better than the year-ago quarter and a $0.06 sequential increase. Investors should also note that the full-year EPS estimate of $9.91 is a $0.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.73 Billion. If reported, that would be a 87.99% increase over the year-ago quarter. Recently, Sandler O’Neill upgraded CB from Hold to Buy (Jan 27, 2016). Previously, Bernstein upgraded CB from Mkt Perform to Outperform. With the above information in mind, readers should note that the average price target is $126.76, which is 8.34% above where the stock opened this morning. See more in (NYSE:CB) Similar Articles: Stock Update (NYSE:CB): Chubb Limited Board Will Recommend 23rd Consecutive Annual Dividend Increase To Shareholders at 2016 Annual General Meeting; Declares First Quarter Dividend Stock Update (NYSE:CB): Pre-Market Scans on Property & Casualty Insurance Stocks — The Chubb, American Intl. Group, Berkshire Hathaway, and MGIC Investment Stock Update (NYSE:CB): Chubb Announces New Field Leadership Team for Southeast Region