Langen Mcalenn Analysts Increase Earnings Estimates for D/B/A Chubb Limited New (CB)

D/B/A Chubb Limited New (NYSE:CB) – Investment analysts at Langen Mcalenn boosted their Q3 2017 earnings per share estimates for D/B/A Chubb Limited New in a research note issued on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will earn ($0.18) per share for the quarter, up from their previous estimate of ($0.62).

D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis.

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Several other analysts have also recently commented on CB. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Barclays PLC raised their target price on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Morgan Stanley restated an “overweight” rating and issued a $156.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Finally, Citigroup Inc. raised their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $155.45.

D/B/A Chubb Limited New (CB) opened at 147.37 on Thursday. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The company’s 50-day moving average price is $143.05 and its 200-day moving average price is $142.70. The firm has a market cap of $68.59 billion, a price-to-earnings ratio of 12.96 and a beta of 0.92.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in D/B/A Chubb Limited New by 2.4% during 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 purchasing an additional 838,652 shares during the last quarter. BlackRock Inc. boosted its position in D/B/A Chubb Limited New by 1.4% during the second quarter. BlackRock Inc. now owns 29,312,701 shares of the financial services provider’s stock valued at $4,261,481,000 after purchasing an additional 409,574 shares during the last quarter. FMR LLC boosted its position in D/B/A Chubb Limited New by 1.0% during the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock valued at $3,972,471,000 after purchasing an additional 294,867 shares during the last quarter. State Street Corp boosted its position in D/B/A Chubb Limited New by 1.0% during the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock valued at $3,011,419,000 after purchasing an additional 212,643 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in D/B/A Chubb Limited New by 1.5% during the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock valued at $1,334,559,000 after purchasing an additional 145,358 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $146.52, for a total value of $2,279,118.60. Following the completion of the sale, the insider now owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Juan C. Andrade sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the sale, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,604 shares of company stock valued at $10,031,383. 0.43% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.93%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

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.

Earnings History and Estimates for D/B/A Chubb Limited New (NYSE:CB)

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