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CB

Chubb

$152.64

1.07 (0.71%)

16:46
11/29/17
11/29
16:46
11/29/17
16:46

Chubb estimates Q4 losses attributable to natural catastrophes at $320M pre-tax

Chubb Limited announced preliminary loss estimates in the fourth quarter of 2017 attributable to natural catastrophes, including the California wildfires, of approximately $320 million pre-tax, or $249 million after tax. Insured losses for the California wildfires are currently estimated at approximately $280 million pre-tax, or $215 million after tax. The company also reported that all other natural catastrophe net insured losses to date in the fourth quarter are estimated at approximately $40 million pre-tax, or $34 million after tax.

  • 31

    Jan

CB Chubb
$152.64

1.07 (0.71%)

11/08/17
11/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) was upgraded to Outperform from Sector Perform at RBC Capital and to Outperform from Market Perform at Raymond James. 2. Chubb (CB) upgraded to Overweight from Neutral at JPMorgan with analyst Sarah DeWitt saying she believes Chubb will be a "major beneficiary" as investors look to gain exposure to the Property & Casualty Insurance space post the third quarter catastrophe losses. 3. Take-Two (TTWO) upgraded to Outperform from Neutral at Baird with analyst Colin Sebastian citing its faster growth and better operating discipline than he expected and "essentially none" of the Grand Theft Auto usage decay he expected. 4. Hain Celestial (HAIN) upgraded to Outperform from Market Perform at Bernstein. 5. Welltower (HCN) upgraded to Overweight from Equalweight at Capital One. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/17
JPMS
11/08/17
UPGRADE
Target $175
JPMS
Overweight
Chubb upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Sarah DeWitt upgraded Chubb to Overweight and raised her price target for the shares to $175 from $155. The analyst believes Chubb will be a "major beneficiary" as investors look to gain exposure to the Property & Casualty Insurance space post the Q3 catastrophe losses. She thinks P&C insurance prices are at a "positive inflection point across most lines" following the catastrophe losses and would be a buyer of the group.
09/11/17
JPMS
09/11/17
NO CHANGE
JPMS
Irma losses could be lower than expected, says JPMorgan
JPMorgan analyst Sarah DeWitt believes losses from Hurricane Irma could be at the lower end of the $20B-$60B expected range since the storm weakened faster than expected. The analyst estimates the impact to book values for the companies she covers should be a "manageable" 1%-2%. Among the property casualty insurers, the analyst views Validus (VR), Everest Re (RE) and XL Group (XL) as the most oversold. She lists those three along with RenaissanceRe (RNR), Travelers (TRV), Arch Capital (ACGL), Chubb (CB), Allstate (ALL) and Progressive (PGR) as the P&C insurers with the most exposure to U.S. hurricanes.
09/11/17
JMPS
09/11/17
UPGRADE
Target $625
JMPS
Outperform
Alleghany upgraded to Outperform from Market Perform at JMP Securities
JMP Securities analyst Matthew Carletti said Hurricane Irma still has the potential to be the largest insured natural catastrophe event in U.S. insurance industry history, though he believes that the property catastrophe market will see a market turn at the coming January 1 renewal. He recommends investors focus near-term on insurers that have lower-than-peer exposure to the event, such as Chubb (CB) and Alleghany (Y), which he upgraded to Outperform from Market Perform with a $625 price target. He also pointed to Amerisafe (AMSF) and ProAssurance (PRA) as insurers with no exposure to Irma losses that have been caught up in the pre-Irma selloff in the space.

TODAY'S FREE FLY STORIES

IYT

iShares Transportation Average

$185.10

-4.81 (-2.53%)

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OKTA

Okta

$45.81

-2.83 (-5.82%)

10:05
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Options
Okta call volume above normal and directionally bullish »

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  • 05

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  • 09

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General news
FX Action: USD-CAD »

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General news
Euro$ interest rate futures are lower »

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DLNG

Dynagas LNG

$5.33

-0.72 (-11.90%)

10:00
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JT

Jianpu Technology

$5.23

-0.21 (-3.86%)

10:00
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LB

L Brands

$29.44

-5.09 (-14.74%)

10:00
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11/20
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L Brands falls -14.4% »

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  • 20

    Nov

DWT

Britannia Bulk

$10.90

0.67 (6.55%)

10:00
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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$63.20

4.42 (7.52%)

10:00
11/20/18
11/20
10:00
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10:00
Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF rises 7.0% »

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NOAH

Noah Holdings

$45.00

4.2 (10.29%)

10:00
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11/20
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Noah Holdings rises 11.5% »

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DIS

Disney

$114.24

-1.16 (-1.01%)

, FOXA

21st Century Fox

$48.72

-0.2 (-0.41%)

09:57
11/20/18
11/20
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09:57
Periodicals
Amazon among bidders for Disney's regional sports networks, CNBC says »

Bidding has begun for the…

DIS

Disney

$114.24

-1.16 (-1.01%)

FOXA

21st Century Fox

$48.72

-0.2 (-0.41%)

FOX

21st Century Fox

$48.36

-0.2 (-0.41%)

AMZN

Amazon.com

$1,473.15

-38.52 (-2.55%)

BX

Blackstone

$30.89

-0.89 (-2.80%)

03/08/13
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  • 28

    Nov

  • 29

    Nov

  • 04

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$266.03

-3.25 (-1.21%)

09:56
11/20/18
11/20
09:56
11/20/18
09:56
Technical Analysis
Technical Take: SPDR S&P 500 ETF hits session lows »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$266.03

-3.25 (-1.21%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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CPB

Campbell Soup

$41.11

2.64 (6.86%)

, A

Agilent

$66.52

3.95 (6.31%)

09:55
11/20/18
11/20
09:55
11/20/18
09:55
Options
Early notable gainers among liquid option names on November 20th »

Notable gainers among…

CPB

Campbell Soup

$41.11

2.64 (6.86%)

A

Agilent

$66.52

3.95 (6.31%)

MDT

Medtronic

$92.76

2.36 (2.61%)

PCG

PG&E

$24.30

1.03 (4.43%)

ADI

Analog Devices

$87.01

1.46 (1.71%)

03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

  • 20

    Nov

  • 20

    Nov

  • 26

    Nov

  • 03

    Dec

09:55
11/20/18
11/20
09:55
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09:55
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

PRPO

Precipio

$0.28

-0.0113 (-3.88%)

09:55
11/20/18
11/20
09:55
11/20/18
09:55
Conference/Events
Precipio to hold a webinar »

Webinar entitled,…

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  • 20

    Nov

09:55
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11/20
09:55
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09:55
Conference/Events
FDIC to hold a board meeting »

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MU

Micron

$34.86

-1.96 (-5.32%)

09:54
11/20/18
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09:54
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Micron slides as analyst says sell on memory pricing deterioration »

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  • 04

    Dec

  • 18

    Dec

FTEO

Fronteo

$16.75

(0.00%)

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T

AT&T

$29.99

-0.35 (-1.15%)

09:50
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Options
Put buyers in AT&T early Tuesday »

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  • 21

    Nov

  • 03

    Dec

AMZN

Amazon.com

$1,454.02

-57.65 (-3.81%)

, FOXA

21st Century Fox

$48.80

-0.12 (-0.25%)

09:49
11/20/18
11/20
09:49
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09:49
Periodicals
Amazon among bidders for Disney's Regional Sports Networks, CNBC says »

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AMZN

Amazon.com

$1,454.02

-57.65 (-3.81%)

FOXA

21st Century Fox

$48.80

-0.12 (-0.25%)

FOX

21st Century Fox

$48.44

-0.12 (-0.25%)

DIS

Disney

$113.87

-1.53 (-1.33%)

03/08/13
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  • 28

    Nov

  • 04

    Dec

ACHC

Acadia

$32.95

0.9 (2.81%)

, KKR

KKR

$20.49

-0.59 (-2.80%)

09:47
11/20/18
11/20
09:47
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09:47
Periodicals
KKR not talking to Acadia about buyout, CNBC's Faber says »

David Faber stated on air…

ACHC

Acadia

$32.95

0.9 (2.81%)

KKR

KKR

$20.49

-0.59 (-2.80%)

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LABD

Daily S&P Biotech Bear 3x Shares

$42.54

2.59 (6.48%)

09:47
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Daily S&P Biotech Bear 3x Shares rises 7.8% »

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DWT

Britannia Bulk

$11.11

0.88 (8.60%)

09:47
11/20/18
11/20
09:47
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Hot Stocks
Britannia Bulk rises 8.4% »

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$64.26

5.48 (9.32%)

09:47
11/20/18
11/20
09:47
11/20/18
09:47
Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF rises 9.2% »

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FTEO

Fronteo

$16.75

(0.00%)

09:45
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11/20
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Breaking Hot Stocks news story on Fronteo »

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