Chubb Limited (CB, Financial), a major player in the insurance sector, experienced a notable decrease in its stock price, dropping by 5.01% to $276.05 per share. The trading volume reached approximately 1.19 million shares with a turnover rate of 0.29% and a price fluctuation of 4.63%.
Recent financial reports reveal that Chubb generated $13.875 billion in revenue, with a net profit of $2.230 billion and earnings per share of $5.51. The company's price-to-earnings ratio stands at 11.68. Among 26 rating agencies, 50% recommended buying Chubb's stock, while 38% suggested holding and 12% advised selling.
Within the insurance industry, where Chubb operates, the overall decline was 1.72%. Other notable performers in the sector included Reliance Global Group Inc and Citizens Insurance, showing significant gains, while Heritage Insurance Holdings, Inc. and HCI Group showed higher turnover rates.
Chubb Limited became one of the largest property and casualty insurance companies in the U.S. following its acquisition by ACE in 2016. It operates in 54 countries, offering a range of commercial and personal property, reinsurance, and life insurance products.
