Analysts on Wall Street Lower Ratings for These 5 Stocks

02. Chubb Limited (NYSE:CB)

Price Reaction after the Downgrade: -1.50 (-0.66%)

On January 8, 2024, Chubb Limited (NYSE:CB) underwent a noteworthy adjustment within the insurance industry. Goldman Sachs analyst Alex Scott downgraded Chubb Limited (NYSE:CB) from a Buy to a Neutral rating. Following this analyst’s adjustment, the stock demonstrated a discernible change, closing with a -0.66% decrease on January 8. Scott’s strategic move provides investors and market participants with insights into the evolving dynamics and potential considerations surrounding Chubb Limited (NYSE:CB) within the insurance sector, aligning with broader industry trends.

Aristotle Atlantic Core Equity Strategy made the following comment about Chubb Limited (NYSE:CB) in its third quarter 2023 investor letter:

“Chubb Limited (NYSE:CB) contributed to outperformance due to sustained momentum across business units and global regions, a favorable property and casualty (P&C) rate environment and an attractive valuation with shares trading below historical averages. The company’s earnings report early in the quarter highlighted its underwriting and risk-assessment capabilities, with management projecting a continuation of what we believe are positive pricing trends through the remainder of this year.”