UBS AG reissued their buy rating on shares of D/B/A Chubb Limited New (NYSE:CB) in a research report released on Tuesday, August 1st, www.flashratings.com reports. UBS AG currently has a $161.00 price target on the financial services provider’s stock, up from their previous price target of $152.00.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada reiterated a buy rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Wells Fargo & Company reiterated a buy rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Citigroup Inc. reiterated a buy rating and issued a $157.00 target price (up from $147.00) on shares of D/B/A Chubb Limited New in a research report on Friday, April 7th. Keefe, Bruyette & Woods reiterated a buy rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, BidaskClub upgraded D/B/A Chubb Limited New from a sell rating to a hold rating in a research report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. D/B/A Chubb Limited New presently has a consensus rating of Buy and a consensus price target of $154.09.
D/B/A Chubb Limited New (NYSE:CB) traded down 0.35% during mid-day trading on Tuesday, reaching $145.44. 1,054,117 shares of the company’s stock were exchanged. The stock has a market cap of $67.69 billion, a P/E ratio of 12.79 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28. The stock has a 50-day moving average price of $146.62 and a 200-day moving average price of $140.68.
D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. On average, analysts forecast that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 1.95%. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.
In related news, CEO Evan G. Greenberg sold 69,175 shares of D/B/A Chubb Limited New stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total value of $10,011,697.75. Following the completion of the transaction, the chief executive officer now owns 1,360,382 shares in the company, valued at $196,888,086.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total value of $2,065,615.92. Following the transaction, the insider now owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 234,390 shares of company stock worth $34,316,039. Company insiders own 0.43% of the company’s stock.
A number of institutional investors have recently modified their holdings of CB. Point72 Asia Hong Kong Ltd purchased a new position in D/B/A Chubb Limited New during the first quarter valued at about $101,000. Manchester Capital Management LLC acquired a new stake in D/B/A Chubb Limited New during the second quarter valued at approximately $106,000. Assetmark Inc. increased its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after buying an additional 27 shares during the period. Pinnacle Bank bought a new position in D/B/A Chubb Limited New during the first quarter valued at $168,000. Finally, Integrated Investment Consultants LLC increased its position in D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock valued at $176,000 after buying an additional 43 shares during the period. 87.80% of the stock is owned by institutional investors.
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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