Press coverage about Chubb (NYSE:CB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chubb earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.4895990261176 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- NRA honors FCC chair with rifle for repealing ‘net neutrality’ (reuters.com)
- Some U.S. Companies Bow to Social-Media Pressure, Sever NRA Ties (wsj.com)
- NRA, Florida faces backlash after latest school shooting (marketbeat.com)
- Madison Investment Holdings Inc. Sells 4,371 Shares of Chubb Ltd (CB) (americanbankingnews.com)
- OppenheimerFunds Inc. Sells 216,083 Shares of Chubb Ltd (CB) (americanbankingnews.com)
Shares of Chubb (NYSE CB) traded up $0.94 on Friday, hitting $144.01. 1,386,440 shares of the stock were exchanged, compared to its average volume of 1,970,000. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. Chubb has a 1 year low of $133.82 and a 1 year high of $157.50. The company has a market cap of $66,850.00, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping the consensus estimate of $2.31 by $0.86. The company had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 earnings per share. equities research analysts forecast that Chubb will post 10.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, March 28th. Chubb’s payout ratio is currently 34.68%.
Chubb declared that its Board of Directors has initiated a share buyback plan on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Several research firms have recently weighed in on CB. Barclays lifted their target price on shares of Chubb from $169.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Wells Fargo & Co set a $169.00 price objective on shares of Chubb and gave the company a “buy” rating in a research report on Wednesday, November 29th. Goldman Sachs Group started coverage on shares of Chubb in a research report on Monday, December 4th. They issued a “buy” rating and a $167.00 price objective for the company. Finally, Credit Suisse Group restated a “neutral” rating and issued a $156.00 price objective on shares of Chubb in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Chubb has an average rating of “Buy” and a consensus price target of $165.25.
In other news, CEO Evan G. Greenberg sold 95,761 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the sale, the chief executive officer now owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Juan C. Andrade sold 9,373 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $146.06, for a total transaction of $1,369,020.38. Following the sale, the insider now owns 110,195 shares in the company, valued at approximately $16,095,081.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,745 shares of company stock worth $18,122,347. Insiders own 0.43% of the company’s stock.
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Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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