Media stories about Chubb (NYSE:CB) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chubb earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.9322107581118 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Chubb Limited, (NYSE: CB) – Beta Factor Analysis – Stock Watch (stocksnewstimes.com)
- Stocks Messing With The Heads Of Investors: Chubb Limited (CB), Extreme Networks, Inc. (EXTR) – Market Movers (financialqz.com)
- XL Group Releases Preliminary Catastrophe Loss Statistics (finance.yahoo.com)
- Zacks: Brokerages Anticipate Chubb Ltd (CB) to Post $2.36 EPS (americanbankingnews.com)
- Chubb (CB) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
Several analysts recently issued reports on CB shares. Wells Fargo & Co set a $169.00 price target on Chubb and gave the stock a “buy” rating in a report on Wednesday, November 29th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $153.00 price target on shares of Chubb in a report on Thursday, September 28th. Goldman Sachs Group initiated coverage on Chubb in a report on Monday, December 4th. They issued a “buy” rating and a $167.00 price target on the stock. UBS Group lifted their target price on Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised Chubb from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $161.33.
Chubb (NYSE:CB) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. The firm had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. Chubb had a negative return on equity of 0.56% and a negative net margin of 0.81%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.88 EPS. equities research analysts predict that Chubb will post 7.22 earnings per share for the current year.
Chubb announced that its board has approved a share buyback program on Thursday, December 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase 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, January 19th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, December 28th. Chubb’s payout ratio is currently 34.05%.
In other news, CEO Evan G. Greenberg sold 95,761 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total value of $13,938,971.16. Following the sale, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at approximately $199,013,853.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Alan Boroughs sold 18,611 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares in the company, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Insiders sold a total of 164,956 shares of company stock worth $24,417,316 in the last three months. Company 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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