Morgan Stanley Maintains Chubb Ltd to Overweight with Price Target $140.00

Brokerage firm Morgan Stanley Maintains its rating on Chubb Ltd(NYSE:CB). In a research note issued to the investors, the brokerage major Raises the price-target to $140.00 per share. The shares have been rated Overweight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On Jul 11, 2016, BMO Capital said it Downgrades its rating on Chubb Ltd. The shares have been rated ‘Market Perform’ by the firm. On May 12, 2016, Deutsche Bank said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $110.00 per share. The shares have been rated ‘Hold’ by the firm. On May 5, 2016, Credit Suisse said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $128.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 5, 2016, JMP Securities said it Maintains its rating on Chubb Ltd. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Market Outperform’ by the firm.

Chubb Ltd (CB) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.02% at a volume of 11,51,493. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $126.11. The peak price level was also seen at $126.11 while the days lowest was $125.15. Finally the shares closed at $125.45. The 52-week high of the shares is $131 while the 52-week low is $96. According to the latest information available, the market cap of the company is $58,269 M.

Chubb Ltd(CB) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $7.41B. Analysts had an estimated revenue of $7.37B. Earnings per share were $2.25. Analysts had estimated an EPS of $2.39.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Philip V Bancroft (Executive Vice President*) sold 72,730 shares at $127.30 per share price.Also, On May 25, 2016, Evan G Greenberg (Chairman & CEO) sold 39,943 shares at $125.36 per share price.On May 12, 2016, Timothy Alan Boroughs (Executive Vice Chairman*) sold 14,470 shares at $124.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Chubb Ltd formerly ACE Ltd is a Switzerland-based insurance and reinsurance company. The Company offers commercial and personal property and casualty insurance personal accident and supplemental health insurance travel accident insurance specialty coverage insurances recreational marine and aviation insurance agricultural insurance as well as reinsurance and life insurance. It mainly serves multinational companies small and medium-sized enterprises as well as high net worth individuals. The Company maintains executive offices in Zurich New York and London among others and is present in Latin America North America Asia Europe and Africa. It came into being from a merger of ACE Ltd and Chubb Corp.

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