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CB

Chubb

$132.26

-0.14 (-0.11%)

07:04
01/28/19
01/28
07:04
01/28/19
07:04

Chubb enters into distribution agreement with Banco de Chile

Chubb announced that it has entered into a 15-year distribution agreement with Banco de Chile, the largest bank based in Chile. Under the terms of the agreement, Chubb will distribute its life and general insurance products on an exclusive basis in Chile through Banco de Chile's multiple channels, including in-branch, automated teller machines, direct marketing and a number of digital channels including mobile, subject to receipt of any applicable regulatory approvals. Banco de Chile will distribute Chubb's insurance products through its wholly owned captive broker, which has a long track record of insurance sales success through bank channels.

  • 06

    Feb

CB Chubb
$132.26

-0.14 (-0.11%)

01/15/19
COMP
01/15/19
INITIATION
Target $165
COMP
Buy
Chubb initiated with a Buy at Compass Point
Compass Point analyst Bijan Moazami initiated Chubb with a Buy and $65 price target. Moazami said Chubb's combined ratio is "world class" with competitive advantage in both loss ratio as well as expense ratio. The analyst said Chubb's "impeccable reputation in claims" allows it to price product higher than competitors and win business.
12/18/18
SBSH
12/18/18
NO CHANGE
SBSH
Buy
Citi moves Chubb to top P&C Insurance pick for 2019
Citi analyst James Naklicki says U.S. commercial pricing improved sequentially and that he expect trends to stabilize in 2019. The analyst moved Chubb (CB) to his top pick for 2019 in Insurance - Property & Casualty, which he notes is an "out of consensus view." Chubb is a "very defensive stock, significantly outperforming both the S&P 500 and the P&C sector during financial crisis in 2008," Naklicki tells investors in a research note. He thinks there could be upside to consensus expectations as interest rates rise. Plus, the analyst expects Chubb to generate over $5B in cash in 2019, "with only about half of that being deployed back to shareholders through dividend and share repurchase." For RenaissanceRe (RNR), Naklicki sees a 2% decline in U.S. property catastrophe reinsurance pricing in 2019 serving as a negative catalyst.
10/12/18
MKMP
10/12/18
NO CHANGE
Target $170
MKMP
Buy
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.
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

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JBLU

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SHW

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$551.04

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RCKT

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GOOG

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UPS

UPS

$118.56

1.23 (1.05%)

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AVRO

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$14.18

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ABG

Asbury Automotive

$106.00

2.63 (2.54%)

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JBLU

JetBlue

$17.54

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UPS

UPS

$118.56

1.23 (1.05%)

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$17.54

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UTX

United Technologies

$138.24

1.39 (1.02%)

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ABG

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BIIB

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NVS

Novartis

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-0.305 (-0.35%)

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SHW

Sherwin-Williams

$551.04

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UPS

UPS

$118.56

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  • 22

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NVS

Novartis

$86.55

-0.305 (-0.35%)

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TRV

Travelers

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MDR

McDermott

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