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Stocks To Track: Chubb Limited (CB), Cigna Corporation (CI), CarMax Inc. (KMX)

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Chubb Limited (CB) climbed 0.18% during last trading as the stock added $0.24 to finish the day at $133.3 with about 1.11M shares changing hands, compared to its three month average trading volume of 1.59M. The $62.03B market cap company, which fluctuated between $132.34 and $133.32 during the day, currently situated 25.49% above its 52 week low of $106.82 and -0.44% away from its one year high of $133.89. The RSI of 66.63 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Chubb Limited, through its subsidiaries, provides property and casualty insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers’ compensation, package policies, and risk management; and specialty categories, such as professional lines, marine and construction risk, environmental and cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Bermuda, and Canada. Its North America Personal P&C Insurance segment offers affluent and high net worth individuals and families with homeowners, automobile, valuables, umbrella, and recreational marine insurance and services in the United States and Canada. The company’s North America Agricultural Insurance segment provides comprehensive multiple peril crop and crop-hail insurance; and coverage for farm and ranch property, as well as commercial agriculture products. Its Overseas General Insurance segment offers coverage for traditional commercial property and casualty, and specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction risk, as well as group accident and health, and traditional and specialty personal lines. The company’s Global Reinsurance segment markets reinsurance products; and provides solutions for small to mid-sized clients and multinational ceding companies. Its Life Insurance segment offers protection and savings products comprising whole life, endowment plans, individual term life, group term life, group medical, personal accident, credit life, universal life, and unit linked contracts. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016 as a result of its acquisition of The Chubb Corporation. Chubb Limited is headquartered in Zurich, Switzerland.

Cigna Corporation (CI) gained $0.01 to close the day at a new closing price of $146.81, a 0.01% increase in value from its previous closing price that moved the stock 27.63% above its 52 week low of $115.03. A total of 1.1M shares exchanged hands during the day compared with its three month average trading volume of 1.34M. The stock, which fluctuated between $145.42 and $148 during the day, currently situated -1.62% below its 52 week high. The stock is up by 5.32% in the past one month and up by 18.59% over the past three months. With a one year target estimate of $156.38 and RSI of 61.04, the stock still has upside potential, making it a hold for now.

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. It operates through three segments: Global Health Care, Global Supplemental Benefits, and Group Disability and Life. The Global Health Care segment offers medical, dental, behavioral health, vision, and prescription drug benefit plans, as well as health advocacy programs, and other products and services to insured and self-insured customers. This segment also provides Medicare Advantage and Medicare Part D plans to seniors, and Medicaid plans. The Global Supplemental Benefits segment offers supplemental health, life, and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability, group life, accident, and specialty insurance products and related services. The company also offers corporate-owned life insurance products that are permanent insurance contracts sold to corporations to provide life coverage; and operates the run-off settlement annuity business. The company distributes its products and services through insurance brokers and insurance consultants, or directly to employers, unions and other groups, or individuals, as well as through direct response television and the Internet. Cigna Corporation was founded in 1792 and is headquartered in Bloomfield, Connecticut.

CarMax Inc. (KMX) had a light trading with around 1.08M shares changing hands compared to its three month average trading volume of 2.24M. The stock traded between $67.18 and $67.97 before closing at the price of $67.46 with -0.31% change on the day. The Richmond Virginia 23238 based company is currently trading 63.54% above its 52 week low of $41.25 and -2.03% below its 52 week high of $68.86. Both the RSI indicator and target price of 63.06 and $67.67 respectively, lead us to believe that it should be put on hold over the coming weeks.

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to customers at the time of sale. The company also offers reconditioning and vehicle repair services; and provides financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with other financial institutions. In addition, it sells new vehicles under franchise agreements. As of December 20, 2016, the company operated 169 used car stores in 39 states. The company was founded in 1993 and is based in Richmond, Virginia.

 

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