Chubb Upgraded to “Buy” at Standard & Poors; Stock Looks Cheap (CB)

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Insurance giant The Chubb Corporation ( CB ) on Wednesday caught a big upgrade from analysts at Standard & Poors.

The firm boosted its rating on CB from "Hold" to "Buy" with an $80 price target, suggesting a 14% upside to the stock's Tuesday closing price of $70.07. Standard & Poors noted the company is trading at a discount relative to its peers in the property/casualty insurance space.

Chubb shares were mostly flat in premarket trading Wednesday.


The Bottom Line
Shares of Chubb Corporation ( CB ) have a 2.34% dividend yield, based on last night's closing stock price of $70.07. The stock has technical support in the $64-$66 price area. The stock is trading near all-time highs.

The Chubb Corporation ( CB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: CB

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