News stories about Chubb (NYSE:CB) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chubb earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.4785179510837 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- New Insurance Solutions From Chubb Help Small Life Sciences Businesses Protect Their Firms From Property and Liability Exposures (finance.yahoo.com)
- Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia (finance.yahoo.com)
- Grab expands into lending in Southeast Asia via new venture (finance.yahoo.com)
- Chubb Limited (NYSE:CB) – Analysts’ Suggestions in the Limelight – Nasdaq Journal (nasdaqjournal.com)
- Berkshire Hathaway’s Valuations Command a Premium after Market Declines (finance.yahoo.com)
Shares of Chubb (NYSE CB) traded down $1.15 on Tuesday, hitting $141.94. 1,307,233 shares of the stock were exchanged, compared to its average volume of 1,870,000. The stock has a market capitalization of $65,870.00, a price-to-earnings ratio of 16.09, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. Chubb has a 12-month low of $133.82 and a 12-month high of $157.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, March 28th. Chubb’s dividend payout ratio (DPR) is presently 32.20%.
Chubb announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have issued reports on CB. Barclays lifted their price target on shares of Chubb from $169.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Zacks Investment Research lowered shares of Chubb from a “buy” rating to a “sell” rating in a report on Friday, January 5th. Wells Fargo & Co set a $169.00 price target on shares of Chubb and gave the stock a “buy” rating in a report on Wednesday, November 29th. Goldman Sachs Group began coverage on shares of Chubb in a report on Monday, December 4th. They issued a “buy” rating and a $167.00 price target on the stock. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $156.00 price target on shares of Chubb in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $165.25.
In other news, CEO Evan G. Greenberg sold 95,761 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Juan C. Andrade sold 9,373 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $146.06, for a total transaction of $1,369,020.38. Following the sale, the insider now directly owns 110,195 shares in the company, valued at $16,095,081.70. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.
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Chubb 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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