- research@naranjcapital.com
Chubb Arabia Cooperative Insurance Co is a Saudi Arabia-based insurance provider serving clients in 54 countries and territories. Offering a range of insurance services, Chubb specializes in commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. The company operates through distinct business divisions including Property insurance, Engineering, Motor insurance, Casualty, and Other classes. Property insurance covers fire, allied perils, and all property risks, while the Engineering segment offers coverage for Contractors All Risks (CAR), Erection All Risks (EAR), Machinery All Risks (MAR), and more. Motor insurance provides coverage for losses and liability pertaining to motor vehicles, excluding transport insurance. The Casualty segment covers areas such as loss of money, personal accidents, workmen’s compensation, travel, general third-party liability, and professional indemnity.
CHUBB —  TASI —
Current RSI of this stock is 61.37, which indicates the strength of buyers.
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
The short length exponential moving average (10 EMA) has crossed the long length moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our trading signals for Saudi Arabia, CHUBB Arabia Cooperative Insurance stock price target will be SAR 43.8 - SAR 44.5 in the next 10-12 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
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