The Fed raised rates in the U.S. multiple times in 2022, including this week's 0.75% increase. Recent history shows that raising rates is nothing new; however, long-term analysis shows the historic rate increase in June was unprecedented.
If history is any guide, there may be trouble ahead for shares of Chubb (NYSE:CB). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
Chubb (NYSE:CB) is set to give its latest quarterly earnings report on Tuesday, 2022-07-26. Here's what investors need to know before the announcement.
Analysts estimate that Chubb will report an earnings per share (EPS) of $3.56.
Over the past 3 months, 7 analysts have published their opinion on Chubb (NYSE:CB) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Chubb (NYSE:CB) has outperformed the market over the past 20 years by 2.11% on an annualized basis producing an average annual return of 9.97%. Currently, Chubb has a market capitalization of $82.67 billion.
Chubb (NYSE:CB) has outperformed the market over the past 15 years by 2.41% on an annualized basis producing an average annual return of 8.87%. Currently, Chubb has a market capitalization of $82.77 billion.
One of the patterns we like to see with insider buying is a long-serving Director of the company purchasing shares opportunistically. If that Director also happens to have an investing background, we like it even better. The cherry on the top is the company also buying back stock on the open market.
In a week where we saw most market indices rebound sharply, insiders scaled back their buying after three weeks of elevated buying. Buying declined by 64% in absolute dollar terms and 26% in terms of the number of companies that saw insider buying.