Cash-settled Butter (CB)

Chubb에 대한 매도 수량은 투자자에게 Chubb의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Chubb (NYSE:CB) 주식, 공매도 수량 보고

Chubb

ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

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실적 시즌이 시작됨에 따라, BofA 증권의 애널리스트들이 주요 보험사들의 4분기 보고서에 대한 전망을 금요일에 발표했다. 이 증권사는 또한 로스앤젤레스 지역의 산불이 현재 분기에 해당 회사들에 미칠 영향을 살펴보았다.

올스테이트·처브·프로그레시브: 4분기 보고서 전에 산불과 기상 사건으로 중대한 손실 예상

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캘리포니아의 10조 달러의 부동산 시장, 산불로 인한 전례없는 위기에 직면

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이번 주 로스앤젤레스에서 발생한 화재로 최소 10명이 사망했으며, 9,000개 이상의 구조물이 파괴된 것으로 L.A. 타임스가 최신 추정치를 인용해 보도했다. 무슨 일이 있었나: 로스앤젤레스에서 강한 폭풍이 발생한 후 화요일과 수요일에 여러 산불이 발생했다. 당국이 천천히 화재를 진압하는 동안 경제적 피해는 도시 역사상 가장 파괴적이다.

로스앤젤레스 산불로 10명 사망, 9,000개 건물 피해: 최신 소식

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As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports. 
The firm also took a look at how the Los Angeles area wildfires will affect the companies<a href="https://www.benzinga.com/news/legal/25/01/42953761/santa-ana-winds-return-as-la-wildfire-damage-estimates-rise-to-at-least-250-billion-fire-officials-investigate-downed-power-lines"> in the current quarter. </a>
Allstate: BofA expects Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) to report $764 million in catastrophe losses for the fourth quarter, equaling a catastrophe load of 5.5%. The firm noted that Allstate reported net catastrophe losses of $286 million in October, which included losses from Hurricane Milton, unfavorable reserve re-estimates from Hurricane Helene and losses from other inclement weather events in North America.
BofA currently sees first-quarter catastrophe losses of $1.46 billion — 10.3% catastrophe load —  which includes $700 million from the California wildfires, where the firm expects Allstate to incur more losses from the Eaton fire as compared to the Palisades fire.  
BofA Securities maintained a Buy rating on Allstate shares but lowered its price target from $285 to $279. 
Allstate is set to report its fourth-quarter financial results on Feb. 5 after the closing bell. Analysts expect the company to report earnings of $5.95 per share and revenue of $14.7 billion for the quarter.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43041254/unitedhealth-ceo-highlights-hospitals-doctors-pharmas-role-in-soaring-health-care-costs">UnitedHealth CEO Highlights Hospitals, Doctors, Pharma&#8217;s Role In Soaring Health Care Costs</a>&nbsp;
Chubb: The firm sees Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) reporting $851 million in catastrophe losses, or an 8.1% loss ratio impact, for the first quarter. Chubb was exposed to adverse weather events around the world including European flooding, Hurricane Milton and other weather events in the U.S.
BofA pointed to Chubb as a major underwriter of high-net-worth homeowners' insurance and is modeling $1.9 billion, a 17.5% catastrophe load, of first-quarter catastrophe losses for the insurer. The California wildfires account for $1.3 billion of those projected first-quarter catastrophe losses.&nbsp;&nbsp;
BofA Securities maintained an Underperform rating on Chubb and lowered its price target from $272 to $266. 
Chubb is set to report its fourth-quarter financial results on Jan. 28 after the market close. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzingo Pro</a>, analysts expect the company to report earnings of $5.46 per share on revenue of $12.277 billion.&nbsp;
Progressive: The analysts expect Progressive to report $104 million in catastrophe losses in December, which would bring its fourth-quarter catastrophe losses to $340 million. 
BofA models first-quarter catastrophe losses of $584 million, including $90 million from the California wildfires, with two-thirds of those losses from the auto segment.&nbsp;
BofA Securities maintained Progressive with a Buy rating and lowered its price target from $339 to $322. 
Progressive is set to report its fourth-quarter results before the opening bell on Jan. 29. Analysts expect the company to report earnings of $3.52 per share and revenue of $18.357 billion for the quarter.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/43007213/experts-see-the-fed-on-hold-for-now-if-there-are-any-cuts-at-all-in-2025-after-decembers-sticky-consumer-inflation-report">Interest Rate Cuts &#8216;On Hold&#8230; If There Are Any At All In 2025&#8217; After December&#8217;s Sticky Consumer Inflation Report: Economists&nbsp;</a></li>
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Photo: Shutterstock

Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports

Wells Fargo analyst Elyse Greenspan maintains Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) with a Equal-Weight and lowers the price target from $268 to $264.

Price Target

Wells Fargo Maintains Equal-Weight on Chubb, Lowers Price Target to $264

California&#8217;s $10 trillion residential property market is under siege as wildfires wreak havoc across the southern part of the state.
What Happened: The fires, which have already destroyed more than 5,000 buildings, pose a potential risk to the stability of the state&#8217;s insurance market.
A report <a href="https://www.bloomberg.com/graphics/2025-los-angeles-wildfires-insurance/?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg said that the wildfires have struck three areas identified as particularly susceptible. One of these is the Pacific Palisades neighborhood in Los Angeles.
Michael Wara,&nbsp;a senior researcher and wildfire&nbsp;expert at Stanford University told the outlet, &#8220;Pacific&nbsp;Palisades really jumps out, even&nbsp;in the context of high-risk&nbsp;areas in California.&#8221;
As of Friday, more than 57,000 structures were in severe danger, and more than 150,000 people were under evacuation.  JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) estimated on Thursday that the insured damages could surpass $20 billion, making it the most expensive wildfire in US history.
Also Read: <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: &#8216;We Want To Help&#8217;</a>
The wildfires have sparked concerns about the future of insurance for&nbsp;homes in one of the&nbsp;world&#8217;s most valuable property markets. 
"This sustainable insurance strategy is built for events like this," Michael Soller, deputy commissioner of the Department of Insurance said. "It is intended to stabilize the insurance market for the long term."
Daniel Swain, a climatologist at the University of California, Los Angeles, said, &#8220;Could a single event cause insurers to become insolvent? That&#8217;s the great fear.&#8221;
The escalating departure&nbsp;of private insurers has left&nbsp;the state-backed insurer of last&nbsp;resort, the California FAIR Plan,&nbsp;in a precarious position. 
The FAIR Plan&nbsp;could be on the hook&nbsp;for billions, as&nbsp;it estimated its own exposure&nbsp;in the larger Pacific Palisades&nbsp;area at nearly $6 billion.
According to the report, the State Farm, California's largest insurer, reduced nearly 70% of its policies in a Pacific Palisades ZIP code last year, while FAIR saw its policy count in the same area surge by 85%. 
This shift has left FAIR potentially liable for billions. As of September, the plan estimated its exposure in the broader Pacific Palisades region at nearly $6 billion. 
However, its most recent public financial report from spring of last year revealed just $200 million in surplus cash reserves and $2.5 billion in reinsurance—coverage designed to protect insurers in catastrophic scenarios—leaving a significant gap in resources.
Insurers with significant exposure to California&#8217;s homeowners' market faced sharp declines on Friday, as the devastation caused by the Los Angeles wildfires escalated.
Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) shares plunged 6%, while Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) and Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) both dropped more than 3%, ranking among the biggest losers in the S&amp;P 500. Meanwhile, American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) and Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) saw declines exceeding 1%.
According to JPMorgan, Allstate, Chubb, and Travelers are the insurers most exposed to the financial impact of the wildfires. The firm highlighted that Chubb&#8217;s focus on high-net-worth clientele in the region could lead to particularly elevated exposure.
Why It Matters: The current wildfires and the looming insurance crisis underscore the increasing threat of climate change. With the fires continuing largely unchecked, many are left pondering&nbsp;if this event will permanently&nbsp;alter the relationship between climate&nbsp;risk and homes in California. 
The escalating crisis not only threatens the property market but also poses a significant risk to the state&#8217;s economy.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed" target="_blank" rel="noreferrer noopener">Los Angeles Fires Shut Down Production Of TV Shows ‘Fallout,' ‘Abbott Elementary,' ‘Hacks'; Film Premieres Canceled, Critics Choice Awards Delayed</a></li>
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Image: Wikimedia Commons

California's $10 Trillion Property Market Faces Unprecedented Threat From Wildfires

At least 10 people have been killed in the Los Angeles fires this week, with over 9,000 structures destroyed, according to the latest estimates <a href="https://www.latimes.com/california/live/pacific-palisades-fire-updates-los-angeles">cited</a> by the L.A. Times.
What Happened: Several wildfires broke out on Tuesday and Wednesday in Los Angeles following <a href="https://www.benzinga.com/25/01/42855962/los-angeles-ventura-counties-brace-for-windstorm-as-bad-as-it-gets-for-fire-weather">a strong windstorm</a>. While officials are slowly containing the blaze, the economic damage amounts to <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">the most devastating</a> in the city&#8217;s history.
The windstorm created a severe fire risk and several fires are still burning on Friday, the Los Angeles Times <a href="https://www.latimes.com/wildfires-map/?fire=palisades">reported</a>.
The blaze that began in Pacific Palisades burned over 20,000 acres of land. As of Friday, it is 8% contained.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every kid in the US learns of the Great Chicago Fire (2,112 acres) in school and how modern building codes &amp; fire depts have made this impossible, yet both the 2023 Lahaina &amp; the current Palisades Fire crossed 17,000 acres &#8211; 8x the size! I marked up a map of Chicago to compare. <a href="https://t.co/jXiRWUosCE">pic.twitter.com/jXiRWUosCE</a>
&mdash; Shaun Cooley (@shauncooley) <a href="https://twitter.com/shauncooley/status/1877410391443255485?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The fire is nearly 10 times larger than the Great Chicago Fire of 1871. Analysts project the total economic damage to range from $50 billion to $150 billion, <a href="https://www.washingtonpost.com/business/2025/01/09/los-angeles-wildfire-economic-losses/">according </a>to the Washington Post.</figcaption></figure>
The Eaton Fire in Altadena and the San Gabriel Valley has burned over 13,000 acres and is merely 3% contained. Other fires are burning north of Calabasas and near Santa Clarita.
Over 200,000 Californians were without power on Friday, <a href="https://poweroutage.us/">according </a>to Power Outage.
Experts <a href="https://www.bbc.com/news/articles/c0ewe4p9128o">attribute </a>the increase in wildfires in recent years to the effects of climate change.
Why it Matters: Several companies with operations in Los Angeles are exposed to the fires.
Shares of Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>), the region&#8217;s utility provider, have tumbled more than 18% since Monday. Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), another utility provider, saw its shares sink more than 10%.
Insurance providers Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) saw their share prices deep in the red on Friday. Shares of Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) fell over 20%.
Also Read:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42922299/wall-street-tumbles-on-blowout-payrolls-oil-rallies-to-76-us-dollar-hits-26-month-highs-whats-driving-markets-friday">Wall Street Tumbles On Blowout Payrolls, Oil Rallies To $76, US Dollar Hits 26-Month Highs: What&#8217;s Driving Markets Friday? </a></li>
</ul>
Image: Shutterstock

10 Dead, 9,000 Structures Damaged In Los Angeles Wildfires: The Latest

Wall Street faced heavy selling pressure in its first trading session after former President Jimmy Carter's funeral, as a series of economic developments rattled interest rate and energy markets, sparking heightened <a href="https://www.benzinga.com/markets">risk aversion among investors.</a>
The U.S. economy added 256,000 jobs in December, far exceeding expectations of a slowdown to 160,000. The unemployment rate dipped to 4.1%, defying forecasts that had anticipated it to remain at 4.2%.
This red-hot labor market data spurred traders to recalibrate their interest-rate projections. According to the CME FedWatch Tool, expectations for a rate cut have been postponed even further, with markets now fully pricing in a reduction only by September 2025.
Adding to market turmoil, oil prices — as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) — surged more than 3% to $76 per barrel after the Biden administration imposed stricter sanctions on Russian oil exports. These measures targeted major Russian oil companies, shadow fleet tankers and opaque trading networks, intensifying pressure on Moscow&#8217;s energy revenues.
Rising interest rate concerns and inflation uncertainty weighed heavily on equities. The latest University of Michigan consumer survey showed five-year inflation expectations rise to 3.3%, the highest since June 2008.
The S&amp;P 500 dropped nearly 2%, hovering around the 5,800-point level, fully erasing gains made since the election. 
Technology and small-cap stocks bore the brunt of the sell-off, with sharper declines across both sectors.
The U.S. Dollar Index (DXY) climbed to 109.70, marking its highest level since November 2022. The greenback is on track to notch its sixth consecutive weekly gain and has risen in 14 of the past 15 weeks, underscoring its dominance as a safe haven amid market turbulence.
Treasury yields climbed further as fixed-income investors braced for the possibility of persistent inflation. The 10-year Treasury yield rose seven basis points to 4.76%, nearing its late October 2023 highs.
The 30-year Treasury yield briefly touched the 5% mark, a level last seen in October 2023 and previously in August 2007.
Gold prices offered a haven for risk-averse investors, climbing 0.9% as geopolitical uncertainties mounted.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw some dip-buying activity, up by 1.2%, snapping a three-day losing streak during which it shed 10% of its value. 
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,812.53</td>
<td>-1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,837.77</td>
<td>-1.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,744.86</td>
<td>-2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,173.84</td>
<td>-2.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $588.43.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was unchanged at $425.08.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $514.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 1% to $220.91.</li>
<li>The&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 0.4%; the&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) tumbled 5% after Goldman Sachs downgraded the stock from Buy to Neutral.</li>
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<li>Other stocks reacting to earnings included Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>), down 12%; Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), down 16%; TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>), up 6.2% and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), up 26%,</li>
<li>Insurance-linked stocks faced losses as damage from California&#8217;s wildfires continues to mount. Shares of American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) fell nearly 2%. Meanwhile, Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) plummeted by 7.4% and 4.8%, respectively.</li>
<li>Energy stocks rose in response to soaring oil prices. Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) soared 2%, buoyed by a bullish note from Bank of America Securities. </li>
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Shares of insurance stocks are trading lower amid California wildfires.

Investors with a lot of money to spend have taken a bullish stance on Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Chubb.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $396,906, and there was 1 call, for a total amount of $28,000.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $245.0 and $290.0 for Chubb, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chubb's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chubb's whale trades within a strike price range from $245.0 to $290.0 in the last 30 days. 
<h3>Chubb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736523934_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$18.5</td>
<td>$16.3</td>
<td>$16.3</td>
<td>$250.00</td>
<td>$81.5K</td>
<td>182</td>
<td align="right">60</td>
</tr>
<tr>
<td>CB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$13.5</td>
<td>$12.2</td>
<td>$13.5</td>
<td>$260.00</td>
<td>$67.5K</td>
<td>340</td>
<td align="right">62</td>
</tr>
<tr>
<td>CB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$4.6</td>
<td>$4.4</td>
<td>$4.4</td>
<td>$245.00</td>
<td>$66.8K</td>
<td>90</td>
<td align="right">164</td>
</tr>
<tr>
<td>CB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.0</td>
<td>$9.4</td>
<td>$9.7</td>
<td>$265.00</td>
<td>$35.8K</td>
<td>1.3K</td>
<td align="right">38</td>
</tr>
<tr>
<td>CB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.6</td>
<td>$250.00</td>
<td>$34.6K</td>
<td>46</td>
<td align="right">68</td>
</tr>
</tbody>
</table>

<h3>About Chubb</h3>
ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&amp;C insurance, reinsurance, and life insurance.
<h3>Current Position of Chubb</h3>
<ul>
<li>Trading volume stands at 1,307,262, with CB's price down by -3.68%, positioned at $256.83.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 18 days.</li>
</ul>
<h3>Expert Opinions on Chubb</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $316.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on Chubb, maintaining a target price of $296. 
&#x2A; Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Outperform rating on Chubb with a target price of $328. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Chubb, maintaining a target price of $324. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chubb, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Chubb

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) with a Outperform and raises the price target from $320 to $328.

Keefe, Bruyette & Woods Maintains Outperform on Chubb, Raises Price Target to $328

Amid the ongoing devastation caused by wildfires in Los Angeles, Warren Buffett&#8216;s Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), the nation&#8217;s largest property and casualty insurer, is expected to experience minimal financial impact, while other insurers face significant exposure due to its substantial presence in California&#8217;s homeowners insurance market.
What Happened: Berkshire Hathaway&nbsp;is not a major player in the California homeowners insurance market, hence the impact of the wildfires is expected to be minimal. However, other insurers like&nbsp;Mercury General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>),&nbsp;Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>),&nbsp;Chubb Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), and&nbsp;Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)&nbsp;could face substantial losses, Barron&#8217;s <a href="https://www.barrons.com/amp/articles/berkshire-hathaway-los-angeles-fire-losses-8e0e5591">reported </a>on Friday.
J.P. Morgan analyst Jimmy Bhullar&nbsp;noted on Thursday that insured losses from the fires might surpass $20 billion, setting a new record for wildfire losses in California. 
Mercury General, heavily reliant on California for its premiums, could be the most vulnerable relative to its size. The company wrote over $700 million in homeowners insurance&nbsp;premiums in the state during&nbsp;the first nine months of&nbsp;2024. Mercury&#8217;s stock fell 6.5% on Wednesday, reflecting investor concerns about its exposure to the fires.
Meanwhile,&nbsp;Berkshire Hathaway could see losses of about $600 million, a minor fraction of its insurance capital. The company might benefit from potential increases in insurance pricing following the fires.
Why It Matters: The ongoing wildfires in Los Angeles have <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">caused extensive damage</a>, with estimates suggesting total damages could exceed $52 billion, according to&nbsp;Accuweather. More than 2,000 structures have been damaged or destroyed, with further destruction anticipated as red flag warnings persist.
The fires have ignited concerns among investors regarding the stability of <a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">California-based insurance stocks</a> and ETFs. The Eaton and Palisades fires alone have ravaged over 10,000 structures, leading to 10 confirmed fire-related deaths. As the crisis unfolds, insurers like&nbsp;Allstate&nbsp;and&nbsp;Travelers&nbsp;are under scrutiny, given their significant roles in the California market. The California FAIR Plan, a state-backed insurer of last resort, is also heavily involved in insuring homes in the affected areas.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, on Friday during pre-market hours, Berkshire Hathaway was showing minimal upward movement by 0.022% while Chubb had dropped by 3.60%, Travelers Company was down by 4.85% while Allstate fell by 6.15%. 
Read Also: 
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Representative Image via Wikimedia Commons

General

Warren Buffett's Berkshire Hathaway To Have Minimal Impact From LA Wildfires, But Insurers Like Mercury General, Chubb Face Higher Risk

Barclays analyst Alex Scott maintains Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) with a Overweight and lowers the price target from $349 to $324.

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