Shares of Chubb Ltd (CB) are down 5% as Hurricane Milton intensifies and heads toward Florida’s Gulf Coast. The back-to-back hurricanes could significantly impact Chubb’s profitability, as the company faces a surge in claims and the potential for higher-than-expected payouts. The article also provides insights on how to invest in or bet against Chubb.
Chubb’s (NYSE: CB) first-quarter financial results exceeded analysts’ expectations, with EPS of $5.41, surpassing the estimate of $5.31, and revenue reaching $12.22 billion against the consensus estimate of $11.75 billion. The company’s stock price closed at $249.60. Over the past year, Chubb’s stock has experienced a 24.45% gain, and in the last three months, it has increased by 3.47%. Notably, Chubb has received 10 positive EPS revisions and 5 negative revisions within the last 90 days. InvestingPro assesses Chubb’s financial health as demonstrating ‘great performance.’
