Market Update: The Chubb Corporation (NYSE:CB) – Chubb Appoints Leaders for Its North America Regional Claims Organization

[PR Newswire] – WARREN, N.J., May 31, 2016 /PRNewswire/ — Chubb announced today that Mary Beth Pittinger will lead the Regional Claims organization for Chubb’s North America Insurance division. In her new role, Ms. Pittinger, … Read more on this. Chubb Limited (CB) , with a current value of $58.81B, began trading this morning at $127.42. Looking at today’s trading action, the company’s one day range from $126.00 to $127.60 with its 52-week range being $96.00 to $128.14. CB shares are currently priced at 12.86x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.57x earnings multiple for the same period. According to a consensus of 21 analysts, the earnings estimate of $2.44 per share would be $0.04 better than the year-ago quarter and a $0.10 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $9.83 is a $0.07 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.53 Billion. If realized, that would be a 75.93% 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. The average price target for CB shares by the analysts covering the stock is $131.50, which is 3.20% 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 Stock Update: The Chubb Corporation (NYSE:CB) – Chubb Announces Retirement of Robert C. Cox, Division Chairman, North America Financial Lines Company Update: The Chubb Corporation (NYSE:CB) – Colorado Cleantech Industries Association Renews Its Endorsement of Chubb