Somewhat Favorable Press Coverage Somewhat Unlikely to Affect D/B/A Chubb Limited New (CB) Stock Price
Press coverage about D/B/A Chubb Limited New (NYSE:CB) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. D/B/A Chubb Limited New earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.5264184453041 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Giants’ defense making mistakes, and hurt: JPP and Vernon (host.madison.com)
- Motley crew: Surprising Bills get tested in Cincinnati (thegardenisland.com)
- NRA support for restricting ‘bump stocks’ reflects impact of Las Vegas massacre (washingtonpost.com)
- Forget Chubb: Add These 3 Top Insurance Stocks to Your Portfolio (finance.yahoo.com)
- The Latest: Speaker is open to idea of ‘bump stock’ ban (gazettetimes.com)
Shares of D/B/A Chubb Limited New (NYSE:CB) traded up 0.66% during trading on Thursday, reaching $145.71. The company had a trading volume of 1,362,680 shares. The firm has a 50-day moving average price of $142.91 and a 200-day moving average price of $142.37. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The company has a market capitalization of $67.82 billion, a P/E ratio of 12.81 and a beta of 0.92.
D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same quarter last year, the firm earned $2.25 EPS. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict that D/B/A Chubb Limited New will post $7.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.95%. D/B/A Chubb Limited New’s payout ratio is 24.98%.
Several analysts recently issued reports on CB shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Citigroup Inc. lifted their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company reaffirmed a “buy” rating and issued a $164.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, September 28th. Finally, Raymond James Financial, Inc. lifted their target price on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $155.45.
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In related news, insider Juan C. Andrade sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the sale, the insider now owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $146.52, for a total value of $2,279,118.60. Following the completion of the sale, the insider now directly owns 198,109 shares in the company, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,604 shares of company stock valued at $10,031,383. Insiders own 0.43% of the company’s stock.
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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