Stock Update: The Chubb Corporation (NYSE:CB) – Chubb Names Ed Levin Digital Business Officer, a Newly Created Position

[PR Newswire] – ZURICH, June 30, 2016 /PRNewswire/ — Chubb Limited (CB) today announced that Edward Levin has been appointed Digital Business Officer, a newly created position. Currently, Mr. Levin is Senior Vice President, Chubb Group and Division President, Accident & Health, Overseas General Insurance. In his new role, Mr. Levin will have executive responsibility for leading and directing digital initiatives for the company’s businesses on a global basis. Working closely with business leaders, product line executives and key functions, Mr. Levin will lead digital initiatives focused on reaching and enhancing the customer experience, including underwriting, sales and service, and distribution, both direct-to-consumer and through distribution partners. Read more on this. Chubb Limited (CB) , valued at $60.41B, began trading this morning at $127.90. A quick look at the market, the company’s stock traded between $127.52 and $130.28 and has traded between $96.00 and $130.28 over the past year. Priced at 12.96x this year’s forecasted earnings, CB shares are relatively inexpensive compared to the industry’s 16.36x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $2.44 per share, which would be $0.04 better than the year-ago quarter and a $0.08 sequential decrease. The full-year EPS estimate is $9.86 which would be a $0.10 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.40 Billion. If reported, that would be a 72.90% increase over the year-ago quarter. Recently, Atlantic Equities downgraded CB from Neutral to Underweight (Jun 16, 2016). Previously, Sandler O’Neill upgraded CB from Hold to Buy. Investors should keep in mind is that the average price target is $132.00, which is 3.21% above where the stock opened this morning. See more in (NYSE:CB) Similar Articles: Stock Update: The Chubb Corporation (NYSE:CB) – New Insurance Policy from Chubb Provides Broad Coverage to Frequent Travelers for One Annual Premium 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