Chubb Limited (CB) Draws Bullish Attention After Forming Bullish Inverse H&S Pattern

September 16, 2018 - By Robert Shackelford

Chubb Limited (NYSE:CB) Logo

Investors sentiment increased to 0.71 in 2018 Q2. Its up 0.15, from 0.56 in 2018Q1. It increased, as 2 investors sold Chubb Limited shares while 5 reduced holdings. 3 funds opened positions while 2 raised stakes. 277,939 shares or 7.58% less from 300,728 shares in 2018Q1 were reported.
Cibc World Markets holds 0.07% or 65,798 shares. Fruth Inv Management owns 7,378 shares. California-based Gemmer Asset Management Lc has invested 0.01% in Chubb Limited (NYSE:CB). Vantage Inv Advsrs Limited Liability Company owns 231 shares. Georgia-based Benedict Advsr has invested 1.07% in Chubb Limited (NYSE:CB). Whittier Tru holds 0.02% of its portfolio in Chubb Limited (NYSE:CB) for 4,673 shares. Cleararc Capital Incorporated holds 0.21% in Chubb Limited (NYSE:CB) or 11,895 shares. Moreover, Penobscot Inv Management has 0.95% invested in Chubb Limited (NYSE:CB) for 32,021 shares. Moreover, Whittier Trust Of Nevada has 0.01% invested in Chubb Limited (NYSE:CB) for 1,050 shares. Jolley Asset Mngmt has 200 shares for 0.02% of their portfolio. Rowland And Co Invest Counsel Adv has invested 0% in Chubb Limited (NYSE:CB). Baldwin Inv Mngmt Limited Liability Corporation owns 3,900 shares. Connors Investor Service holds 70,517 shares or 1.26% of its portfolio. Hudson Valley Inv Advsr Adv reported 15,998 shares.

The stock of Chubb Limited (CB) formed H&SI with $145.02 price target or 5.00 % above the current $138.11 share price. The 9 months Head & Shoulders Inverse reveals low risk for the $63.98 billion company. This trade was featured by Faxor.com on Sep, 16. If the $145.02 target price is reached, the company’s valuation will be $3.20 billion more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 1.35% or $1.84 during the last trading session, reaching $138.11. About 1.20M shares traded. Chubb Limited (NYSE:CB) has declined 8.40% since September 16, 2017 and is downtrending. It has underperformed by 24.02% the S&P500.

Analysts await Chubb Limited (NYSE:CB) to report earnings on October, 25. They expect $2.66 earnings per share, up 2,146.15 % or $2.79 from last year’s $-0.13 per share. CB’s profit will be $1.23 billion for 12.98 P/E if the $2.66 EPS becomes a reality. After $2.68 actual earnings per share reported by Chubb Limited for the previous quarter, Wall Street now forecasts -0.75 % negative EPS growth.

Chubb Limited (NYSE:CB) Ratings Coverage

Among 9 analysts covering Chubb (NYSE:CB), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Chubb had 14 analyst reports since March 29, 2018 according to SRatingsIntel. Deutsche Bank maintained the shares of CB in report on Thursday, March 29 with “Hold” rating. Citigroup maintained the shares of CB in report on Monday, July 30 with “Buy” rating. On Wednesday, June 27 the stock rating was upgraded by Atlantic Securities to “Neutral”. The rating was maintained by Citigroup on Tuesday, April 10 with “Buy”. Citigroup maintained the shares of CB in report on Tuesday, May 1 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 4. The company was maintained on Tuesday, April 3 by Keefe Bruyette & Woods. On Wednesday, April 25 the stock rating was maintained by RBC Capital Markets with “Buy”. On Monday, July 9 the stock rating was maintained by Barclays Capital with “Overweight”. Citigroup maintained Chubb Limited (NYSE:CB) rating on Thursday, July 12. Citigroup has “Buy” rating and $151 target.

More news for Chubb Limited (NYSE:CB) were recently published by: Seekingalpha.com, which released: “Chubb inks license pact with Duck Creek Technologies” on August 27, 2018. 247Wallst.com‘s article titled: “Insurers Bracing for Hurricane Florence, More Storm Threats Coming” and published on September 10, 2018 is yet another important article.

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company has market cap of $63.98 billion. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine and construction risk, environmental and cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda. It has a 16.9 P/E ratio. The Company’s North America Personal P&C Insurance segment offers affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services in the United States and Canada.

Chubb Limited (NYSE:CB) Ratings Chart

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