ValuEngine lowered shares of D/B/A Chubb Limited New (NYSE:CB) from a buy rating to a hold rating in a report published on Tuesday morning.
Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded D/B/A Chubb Limited New from a sell rating to a hold rating in a research note on Saturday, June 17th. Barclays PLC upped their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an overweight rating in a research note on Monday, July 3rd. Morgan Stanley reiterated an overweight rating and set a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a buy rating and set a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Finally, Citigroup Inc. upped their price objective on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a neutral rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $155.45.
D/B/A Chubb Limited New (CB) opened at 147.28 on Tuesday. The firm’s 50-day moving average price is $142.99 and its 200 day moving average price is $142.67. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The firm has a market cap of $68.55 billion, a P/E ratio of 12.95 and a beta of 0.92.
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, equities research analysts forecast that D/B/A Chubb Limited New will post $7.37 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors 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 1.93%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is presently 24.98%.
In related news, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip V. Bancroft sold 47,049 shares of the business’s 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 $51,291,201.60. The disclosure for this sale can be found here. Insiders have sold a total of 67,604 shares of company stock worth $10,031,383 over the last three months. 0.43% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Neville Rodie & Shaw Inc. increased its holdings in shares of D/B/A Chubb Limited New by 93.0% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 48,331 shares of the financial services provider’s stock worth $6,890,000 after acquiring an additional 23,294 shares during the last quarter. Park National Corp OH increased its holdings in shares of D/B/A Chubb Limited New by 3.5% during the 3rd quarter. Park National Corp OH now owns 152,443 shares of the financial services provider’s stock worth $21,731,000 after acquiring an additional 5,173 shares during the last quarter. Intl Fcstone Inc. acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth approximately $615,000. USA Financial Portformulas Corp acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth approximately $2,941,000. Finally, Atlantic Trust LLC acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth approximately $116,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.
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.
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