Shares of Chubb Limited (NYSE: CB) have gained 36.6% in a year, outperforming the industry's 28.7% growth. The Finance sector and the S&P 500 Composite have risen 27.7% and 27.6%, respectively, in the said time frame. The average volume of shares traded in the last three months was 1.4 million.
A compelling portfolio, strong renewal retention, positive rate increases, strategic initiatives to fuel profitability and a solid capital position drive this Zacks Rank #3 (Hold) insurer.
Chubb is one of the world's largest providers of property and casualty (P&C) insurance and reinsurance and the largest publicly traded P&C insurer based on a market capitalization of $108.5 billion. It has a decent history of delivering earnings surprises in the last four reported quarters, the average beat being 22.58%.
Earnings of this insurer grew 19.4% in the last five years, better than the industry average of 10.5%. The expected long-term earnings growth rate is 2.4%.
Return on equity in the trailing 12 months was 15.8%, better than the industry average of 8%. Return on equity, a profitability measure, ...
