NEW YORK, Jan 17 (Reuters) - Wall Street has not given insurer Chubb Corp much credit for its strengths and the stock looks attractive on price and earnings this year, Barron's reported on Sunday.
The business newspaper said Chubb shares trade at around $50, less than 1.1 times estimated year-end 2009 book value of $46.50. The stock trades at eight times estimated 2009 profit of $5.95 a share and at nine times 2010 estimated earnings of $5.43, according to analysts.
Chubb's dividend yields 2.8 percent and the current payout of $1.40 could rise as much as 10 percent in 2010, the newspaper said.
The insurer, whose stock-market value is $17 billion, will report fourth-quarter results on Jan. 28. Its shares closed at $49.57 on Friday.
(Reporting by Grant McCool; Editing by Leslie Adler) Keywords: CHUBB BARRONS/ (grant.mccool@thomsonreuters.com; +1-646-223-6000; Reuters Messaging: grant.mccool.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The business newspaper said Chubb shares trade at around $50, less than 1.1 times estimated year-end 2009 book value of $46.50. The stock trades at eight times estimated 2009 profit of $5.95 a share and at nine times 2010 estimated earnings of $5.43, according to analysts.
Chubb's dividend yields 2.8 percent and the current payout of $1.40 could rise as much as 10 percent in 2010, the newspaper said.
The insurer, whose stock-market value is $17 billion, will report fourth-quarter results on Jan. 28. Its shares closed at $49.57 on Friday.
(Reporting by Grant McCool; Editing by Leslie Adler) Keywords: CHUBB BARRONS/ (grant.mccool@thomsonreuters.com; +1-646-223-6000; Reuters Messaging: grant.mccool.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.