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CB

Chubb

$126.92

-5.585 (-4.22%)

08:35
10/12/18
10/12
08:35
10/12/18
08:35

MKM Partners lowers Q3 EPS view on Chubb after Q3 catastrophe estimates

MKM Partners analyst Harry Fong lowered his Q3 EPS view on Chubb to $2.23 from $2.65 and also lowered FY19 view to $9.89 from $10.30 after the company's preliminary update on its net catastrophe losses in the quarter that featured over 20 weather events, including Hurricane Florence, hailstorms in Colorado, and wildfires in California. The analyst also raises his catastrophe loss estimate to $450M from $221M and intends to review his FY18 estimate when more data on Hurricane Michael come in. Fong also keeps his Buy rating and $170 price target on Chubb, noting that the latest losses are part of the "expected volatility" in the insurance business.

  • 24

    Oct

CB Chubb
$126.92

-5.585 (-4.22%)

08/07/18
FBCO
08/07/18
INITIATION
Target $141
FBCO
Neutral
Travelers initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Zaremski started Travelers (TRV) with a Neutral rating and $141 price target. For shorter-term oriented investors, the analyst recommends Travelers over peer Chubb (CB) due to having more conviction over its recent string of higher than expected non-catastrophe weather-related losses subsiding, a greater gearing to workers' comp. leading to a steady stream of reserve releases given an extremely healthy unemployment backdrop, and conviction that near-term auto margins will continue to improve given industry pricing dynamics. In the longer term, he struggles to make the case that Travelers' wheels business can produce better and less volatile results.
08/13/18
DBAB
08/13/18
DOWNGRADE
Target $126
DBAB
Sell
Chubb downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded Chubb to Sell and lowered his price target for the shares to $126 from $135. The stock closed the trading day down 92c to $134.98.
08/13/18
DBAB
08/13/18
DOWNGRADE
Target $126
DBAB
Sell
Deutsche Bank downgrades Chubb to Sell with $126 price target
Deutsche Bank analyst Joshua Shanker downgraded Chubb to Sell and lowered his price target for the shares to $126 from $135. The company's recent quarterly results show that Chubb, post-merger, is unable to grow its business at the levels of its peers, Shanker tells investors in a research note. Further, the analyst believes the company is unlikely to maintain its current underwriting margins and that consensus estimates will need to be revised downward.
08/14/18
08/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chubb (CB) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the company's recent quarterly results show that Chubb, post-merger, is unable to grow its business at the levels of its peers. 2. Switch (SWCH) was downgraded to Market Perform from Outperform at Raymond James, to Neutral from Overweight at JPMorgan, and to Neutral from Buy at BTIG. 3. Urban Outfitters (URBN) downgraded to Neutral from Outperform at Baird with analyst Mark Altschwager citing valuation. 4. Premier (PINC) downgraded to Hold from Buy at Canaccord with analyst Richard Close citing its quarter-to-date outperformance. 5. Parker-Hannifin (PH) downgraded to Hold from Buy at Argus with analyst John Eade saying that while the company's recent Q4 results topped expectations, management's outlook for FY19 was worse than expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$197.12

-1.49 (-0.75%)

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DK

Delek US

$36.95

-0.13 (-0.35%)

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MNST

Monster Beverage

$58.64

-0.07 (-0.12%)

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LIVN

LivaNova

$98.56

-1.32 (-1.32%)

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LivaNova analyst commentary  »

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UBCP

United Bancorp

$10.95

(0.00%)

11:04
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United Bancorp raises quarterly cash dividend to 13.25c per share »

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LIVN

LivaNova

$98.59

-1.29 (-1.29%)

11:03
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Hot Stocks
LivaNova announces national reimbursement in Japan for Perceval valve for AVD »

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  • 27

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KO

Coca-Cola

$45.48

0.36 (0.80%)

11:03
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Hot Stocks
Coca-Cola announces new share repurchase program for up to 150M shares »

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  • 21

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KO

Coca-Cola

$45.49

0.37 (0.82%)

11:02
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Hot Stocks
Coca-Cola raises quarterly dividend to 40c per share from 39c per share »

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  • 21

    Feb

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    Mar

11:00
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General news
EIA natural gas storage change for week ending February 15 »

Earlier, gas inventories…

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Crude inventories for week of February 15 »

Crude oil inventories…

KR

Kroger

$28.82

0.07 (0.24%)

11:00
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Options
One-day call buyers in Kroger »

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  • 03

    Mar

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UAA

Under Armour

$21.26

-0.02 (-0.09%)

, UA

Under Armour

$19.22

0.025 (0.13%)

10:52
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Periodicals
Under Armour CEO questioned by board about ties with MSNBC anchor, WSJ says »

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UAA

Under Armour

$21.26

-0.02 (-0.09%)

UA

Under Armour

$19.22

0.025 (0.13%)

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  • 03

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10:50
02/21/19
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General news
U.S. corporate bond update: issuance continues apace today »

U.S. corporate bond…

COUP

Coupa Software

$92.39

-1.36 (-1.45%)

10:50
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10:50
Options
Short-term hedge opened in Coupa Software »

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10:50
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General news
FX Action: USD-JPY »

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OHRP

Ohr Pharmaceutical

$2.01

(0.00%)

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Ohr Pharmaceutical regains compliance with Nasdaq listing requirements »

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IMDZ

Immune Design

$5.81

4.385 (307.72%)

, MRK

Merck

$79.79

0.35 (0.44%)

10:46
02/21/19
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Downgrade
Immune Design, Merck rating change  »

Immune Design downgraded…

IMDZ

Immune Design

$5.81

4.385 (307.72%)

MRK

Merck

$79.79

0.35 (0.44%)

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ANET

Arista Networks

$266.95

-3.58 (-1.32%)

10:45
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NKE

Nike

$83.97

-0.87 (-1.03%)

10:40
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10:40
On The Fly
Analyst sees 'minimal' lasting damage to Nike brand after Duke star's shoe splits »

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