News to Track: Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB) stock identified change of 17.25% away from 52-week low price and recently located move of -7.19% off 52-week high price. It has market worth of $69.66BM and dividend yield of 1.99%. CB stock has been recorded -1.27% away from 50 day moving average and -0.04% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.49% off 20-day moving average.

On Jan. 14, 2020, Chubb Limited (NYSE:CB) disclosed net catastrophe loss estimates for the fourth quarter of 2019 of $430 million pre-tax, or $353 million after tax. The losses are primarily attributable to severe weather-related events around the globe including tornadoes in Texas, wildfires in California, and Typhoon Hagibis in Japan, as well as civil unrest in Hong Kong and Chile.

These estimates are net of reinsurance, include reinstatement premiums and comprise losses generated from the company’s commercial and personal property and casualty insurance businesses as well as its reinsurance operations globally.

In addition, for North America Agricultural Insurance, the company estimates for the fourth quarter an underwriting loss of $23 million pre-tax, or $18 million after tax, primarily attributable to crop yield shortfalls resulting from poor growing conditions. In the third quarter of 2019, the company recognized a charge related to preventive planting claims due to the impact of wet weather conditions. For Agriculture, the combined ratios for the fourth quarter and full-year 2019 are expected to be 105.4% and 95.1%, respectively.

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide.

The Financial sector company, Chubb Limited noticed change of -0.09% to $150.76 along volume of 1307331 shares in recent session compared to an average volume of 1.55M. The stock observed return of -2.05% in 5 days trading activity. The stock was at -1.90% over one month performance. CB’s shares are at -3.01% for the quarter and driving a 15.22% return over the course of the past year and is now at -3.15% since this point in 2018.

The average volatility for the week at 1.49% and for month was at 1.12%. There are 462.09M shares outstanding and 450.66M shares are floated in market. Right now the stock beta is 0.65.

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