D/B/A Chubb Limited New (CB) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media coverage about D/B/A Chubb Limited New (NYSE:CB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. D/B/A Chubb Limited New earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.0440444513991 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Q4 2017 Earnings Forecast for D/B/A Chubb Limited New (CB) Issued By Langen Mcalenn (americanbankingnews.com)
- D/B/A Chubb Limited New (CB) PT Raised to $169.00 (americanbankingnews.com)
- FY2017 EPS Estimates for D/B/A Chubb Limited New (CB) Increased by Analyst (americanbankingnews.com)
- Jets Acquire CB Rashard Robinson from 49ers (newyorkjets.com)
- D/B/A Chubb Limited New (CB) Price Target Raised to $173.00 at Citigroup Inc. (americanbankingnews.com)
CB has been the topic of several research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Morgan Stanley reissued an “overweight” rating and issued a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Raymond James Financial, Inc. increased their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $156.55.
D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. The business had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. D/B/A Chubb Limited New’s revenue for the quarter was up 4.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were issued a dividend of $0.71 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio is 34.05%.
In other news, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the transaction, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value of $7,003,714.14. Following the transaction, the insider now owns 344,560 shares in the company, valued at approximately $51,291,201.60. The disclosure for this sale can be found here. Insiders have sold 68,723 shares of company stock worth $10,287,046 in the last quarter. 0.43% of the stock is currently owned by corporate insiders.
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D/B/A Chubb Limited New 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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