Atlantic Equities - Chubb Limited (CB) Model update: remain Neutral

Report

Atlantic Equities

John Heagerty ...

Nadja Heini, CFA

Model update: remain Neutral

We are updating our CB model to reflect Q2 results, revenue trends and expense comments from management. As a result, our FY18 EPS forecast decreases by 0.2% as the effects of the strong Q2 result and higher premium growth estimates are more than offset by higher combined ratio expectations for Q3 and Q4. Our FY19 EPS and FY20 EPS forecasts change by -1.0% and -0.9% respectively as we expect that these trends to continue. Our price target remains at $135 and we retain our Neutral recommendation.

30/07/2018 5 EN

Underlying

Chubb Limited

See profile

CH0044328745 New York Stock Exchange Switzerland

Provider

Atlantic Equities

Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.

Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.

See profile

Analysts

John Heagerty

Nadja Heini, CFA

Other Reports on these Companies

SmartInsider

Chubb Ltd: 1 director

A director at Chubb Ltd sold 4,357 shares at 295.040USD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Free Trial

December 4, 2025 December 4, 2025 1 EN

Vermilion Research

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Testing Initial Support In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, and that if the S&P 500 remains below 6100 and 6150 resistances, do not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers (though we need 5600 support to hold in order to remain constructive). The S&P 500 and Nasdaq 100 (QQQ) are testing m...

EUR 42.31

March 4, 2025 March 4, 2025 1 EN

Vermilion Research

Vermilion Compass: Weekly Equity Strategy

Continue Riding This Bull Market Higher Since early November 2023 we have laid out our bullish expectations for a year-end rally that we anticipated would continue into the early part of 2024. Here we are in the early part of 2024, and we see every reason to continue riding this bull market higher. Small- and Mid-Caps Resuming Uptrends. Looking at the big picture on the small-cap Russell 2000 (IWM) and the Vanguard Extended Market ETF (VXF, the entire U.S. market excluding the S&P 500), (1) they had a massive rally from the October 2023 lows until late-December, (2) they broke out of major 1...

EUR 42.31

January 30, 2024 January 30, 2024 1 EN

Model update

This report contains forecasts updated for reported Q218 results. Neither our financial nor PSU estimates are materially changed and we remain Overweight with a 12m PT of $365.

October 1, 2018 October 1, 2018 5 EN

Kunaal Malde ... (+2)

Kunaal Malde
CFA

V/MA: strong core, adjacencies more competitive

V/MA remain core long term holdings with secular cash to card tailwinds driving strong growth long term, supported by developments such as contactless. Valuation remains reasonable, although newer growth areas such as B2B face greater competition. We remain Overweight V/MA, raise our price targets to $173 and $250 respectively and currently favour V which trades on a PE of 28x, three turns lower than MA.

October 1, 2018 October 1, 2018 17 EN

John Heagerty ... (+3)

John Heagerty
Nadja Heini
CFA

Banks: Trading update and 3Q18 preview

Market volatility has moderated significantly since the beginning of the year, ceasing to be a tailwind for the banks' trading revenues in 3Q18. Despite the strong IB pipelines (announced M&A is up 40% YTD), fee pools have been affected by timing issues and are down 15-20% across the industry for the current quarter. Medium term, the outlook remains positive thanks to improving GDP growth, benign credit conditions, rising interest rates and a deregulatory focus. We have lowered our 3Q18 EPS estimates by 3% on average. Our longer term forecasts decline only modestly by 1%. C remains our t...

September 27, 2018 September 27, 2018 14 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Model update: remain Neutral

Chubb Ltd: 1 director

Vermilion Compass: Weekly Equity Strategy

Vermilion Compass: Weekly Equity Strategy

Model update

V/MA: strong core, adjacencies more competitive

Banks: Trading update and 3Q18 preview

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe