Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Chubb (CB) Stock Price
Media stories about Chubb (NYSE:CB) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, 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 news coverage about the financial services provider an impact score of 46.8410931235784 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- $7.23 Billion in Sales Expected for Chubb Ltd (CB) This Quarter (americanbankingnews.com)
- $2.58 EPS Expected for Chubb Ltd (CB) This Quarter (americanbankingnews.com)
- Getting Engaged for Valentine’s Day? Or Just Using the Holiday as an Excuse to Treat Yourself to Some Sparkling New Earrings? (finance.yahoo.com)
- New ESIS Whitepaper Explores Complexities of Medical Programs Around Workers Compensation Claims, Upward Rise of Medical Care in the United States (finance.yahoo.com)
- Should You Sell Chubb Limited (NYSE:CB) At This PE Ratio? (finance.yahoo.com)
Shares of Chubb (CB) traded up $0.51 on Tuesday, reaching $145.12. The company had a trading volume of 1,363,379 shares, compared to its average volume of 2,027,926. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.30. Chubb has a 1 year low of $132.97 and a 1 year high of $157.50. The stock has a market cap of $66,890.00, a PE ratio of 17.72, a P/E/G ratio of 1.34 and a beta of 0.95.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were paid a dividend of $0.71 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.84 annualized dividend and a yield of 1.96%. Chubb’s dividend payout ratio (DPR) is presently 34.68%.
Chubb declared that its board has authorized a stock buyback plan 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 plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $170.00 price target on shares of Chubb in a research note on Wednesday, January 31st. Bank of America lifted their price target on Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Co reissued a “buy” rating and issued a $169.00 price target on shares of Chubb in a research note on Tuesday, January 30th. Zacks Investment Research cut Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $156.00 price target on shares of Chubb in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Chubb presently has an average rating of “Buy” and a consensus target price of $163.92.
In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of Chubb stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the transaction, the insider now owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 95,761 shares of Chubb stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the transaction, the chief executive officer now directly owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.
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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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