D/B/A Chubb Limited New (CB) Receiving Somewhat Positive Media Coverage, Analysis Finds
News coverage about D/B/A Chubb Limited New (NYSE:CB) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.2561378691747 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- No. 7 Georgia makes statement, but needs a strong follow-up (scnow.com)
- Panthers QB Newton still struggling after shoulder surgery (valdostadailytimes.com)
- Contrasting D/B/A Chubb Limited New (CB) and Brighthouse Financial (BHF) (americanbankingnews.com)
- A dab will do ya: Hot sauce gives diners flavor, heat and challenge (tulsaworld.com)
- Statement from Chubb Chairman and CEO Evan Greenberg on EU-U.S. Covered Agreement (finance.yahoo.com)
D/B/A Chubb Limited New (NYSE:CB) opened at 142.59 on Monday. The company’s 50-day moving average price is $144.64 and its 200 day moving average price is $141.93. The firm has a market capitalization of $66.36 billion, a price-to-earnings ratio of 12.54 and a beta of 0.92. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28.
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 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. Equities research analysts predict that D/B/A Chubb Limited New will post $10.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 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 1.99%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.
Several research firms have commented on CB. UBS AG restated a “buy” rating and issued a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $156.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Finally, Barclays PLC lifted their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $154.00.
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In other news, insider Philip V. Bancroft sold 47,049 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the transaction, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,604 shares of company stock worth $10,031,383. 0.43% of the stock is currently owned by insiders.
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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