D/B/A Chubb Limited New (CB) Receives Average Recommendation of “Buy” from Analysts

Shares of D/B/A Chubb Limited New (NYSE:CB) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $154.90.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $155.00 target price on shares of D/B/A Chubb Limited New in a research report on Tuesday. UBS AG reissued a “buy” rating and set a $161.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. raised their target price on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $165.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th.

In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total value of $7,003,714.14. Following the transaction, the insider now directly owns 344,560 shares in the company, valued at approximately $51,291,201.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold a total of 219,827 shares of company stock worth $32,250,423 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of D/B/A Chubb Limited New by 2.4% in the second quarter. Vanguard Group Inc. now owns 35,320,686 shares of the financial services provider’s stock valued at $5,134,923,000 after buying an additional 838,652 shares during the period. BlackRock Inc. increased its stake in D/B/A Chubb Limited New by 1.4% in the second quarter. BlackRock Inc. now owns 29,312,701 shares of the financial services provider’s stock worth $4,261,481,000 after buying an additional 409,574 shares during the period. FMR LLC increased its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock worth $3,972,471,000 after buying an additional 294,867 shares during the period. State Street Corp increased its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock worth $3,011,419,000 after buying an additional 212,643 shares during the period. Finally, Bank of America Corp DE increased its stake in D/B/A Chubb Limited New by 1.5% in the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock worth $1,334,559,000 after buying an additional 145,358 shares during the period. Institutional investors own 86.92% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 140.49 on Friday. The stock’s 50 day moving average price is $145.86 and its 200-day moving average price is $141.50. The stock has a market cap of $65.39 billion, a price-to-earnings ratio of 12.35 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 earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter last year, the company earned $2.25 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts anticipate that D/B/A Chubb Limited New will post $10.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.71 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.84 dividend on an annualized basis and a yield of 2.02%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

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About D/B/A Chubb Limited New

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.

Analyst Recommendations for D/B/A Chubb Limited New (NYSE:CB)

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