Here's Why It Is Apt To Hold On To Chubb (CB) Stock Now
Zacks Investment Research | Jan 17, 2018 10:16PM ET
Chubb Limited (NYSE:CB) stands a good chance of leading the property and casualty insurance space, benefiting from compelling products and services. This Zacks Rank #3 (Hold) property and casualty insurer bears immense potential owing to a few good growth drivers.
Growth Projections: The Zacks Consensus Estimate for 2018 earnings per share is pegged at $10.64 on revenues of $30.6 billion, reflecting a year-over-year increase of 46.1% for the bottom line and 2.2% for the top line.
The expected long-term earnings growth rate is pegged at 10%.
Positive Earnings Surprise History: Chubb has surpassed the Zacks Consensus Estimate in the last five quarters with an average beat of 14.6%.
The company is scheduled to report fourth-quarter results on Jan 30. Our proven model shows that Chubb is likely to beat estimates this quarter based on the ideal combination of two strong ingredients: a Zacks Rank of 3, which increases the predictive power of ESP and an the complete list of today’s Zacks #1 Rank stocks here .
CNA Financial provides commercial property and casualty insurance products primarily in the United States. The company delivered an average four-quarter beat of 39.87%.
Atlas Financial engages in underwriting commercial automobile insurance policies in the United States. The company pulled off an average four-quarter positive surprise of 60.72%.
Allstate engages in property-liability insurance and life insurance business in the United States as well as Canada. The company came up with an average four-quarter positive surprise of 56.91%.
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