CB Stock Recent News
CB LATEST HEADLINES
Chubb (CB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports.
The latest trading day saw Chubb (CB) settling at $273.53, representing a +1.91% change from its previous close.
Chubb's strong financial performance, low combined ratio, and diversified risk management support continued growth and profitability, making it an attractive investment. Despite challenges like the ongoing California wildfires and other catastrophes this quarter, Chubb's extensive diversification and market position minimize potential negative impacts to its bottom line. Chubb's valuation is compelling, trading below peers with a superior long-term ROE, and offers a promising entry point for long-term investors.
Climate change and extreme weather events, particularly wildfires, are increasingly impacting the profitability of Property & Casualty insurance companies. Insurance companies are adapting by raising prices, being more selective in underwriting, or exiting high-risk markets like California due to severe losses and regulatory constraints. The recent LA wildfires are expected to be the costliest in U.S. history, significantly impacting insurers, especially Mercury General, due to its high concentration in California.
Zacks.com users have recently been watching Chubb (CB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The insurance sector is reeling as related stocks plummeted following the negative impact of the devastating wildfires in Los Angeles.
Shares of insurance companies tumbled on Friday as the deadly wildfires in Southern California that are still burning have already caused billions of dollars in damage.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Warren Buffett's Berkshire Hathaway owns one of the world's most closely watched stock portfolios. It holds stakes in 46 stocks and exchange-traded funds that are worth $296.8 billion, or 30% of its entire market capitalization.