Media coverage about Chubb (NYSE:CB) has trended somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chubb earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.6165282145661 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- On The Clock: Georgia Running Back Nick Chubb (dallascowboys.com)
- NFL Mock Draft 2018: Bradley Chubb or Saquon Barkley to Giants? (nj.com)
- Possible Pick: Georgia’s Chubb Has Proven Production With Limited Reps (dallascowboys.com)
- Von Miller on Bradley Chubb: He’s me plus Khalil Mack (nfl.com)
- Zacks Investment Research Lowers Chubb (CB) to Sell (americanbankingnews.com)
Several research analysts recently commented on the company. Barclays increased their price objective on Chubb from $169.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Wells Fargo reissued a “buy” rating and issued a $169.00 price objective on shares of Chubb in a research note on Tuesday, January 30th. Credit Suisse Group reissued a “neutral” rating and issued a $156.00 price objective on shares of Chubb in a research note on Tuesday, December 19th. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Finally, Bank of America raised their target price on Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Chubb presently has an average rating of “Buy” and an average price target of $161.54.
CB stock traded up $0.56 during mid-day trading on Tuesday, reaching $136.35. The company had a trading volume of 1,536,800 shares, compared to its average volume of 1,748,832. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $62,188.23, a P/E ratio of 16.98, a P/E/G ratio of 1.31 and a beta of 1.01. Chubb has a fifty-two week low of $131.14 and a fifty-two week high of $157.50.
Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.86. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The company had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same quarter last year, the company earned $2.72 EPS. Chubb’s revenue for the quarter was up 1.6% compared to the same quarter last year. analysts expect that Chubb will post 10.25 EPS for the current year.
Chubb announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, March 28th. Chubb’s dividend payout ratio (DPR) is presently 35.37%.
In other Chubb news, insider Philip V. Bancroft sold 55,675 shares of Chubb stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $140.94, for a total value of $7,846,834.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 9,373 shares of Chubb stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $146.06, for a total value of $1,369,020.38. Following the completion of the transaction, the insider now owns 110,195 shares in the company, valued at $16,095,081.70. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
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Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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