D/B/A Chubb Limited New (CB) Price Target Raised to $173.00

D/B/A Chubb Limited New (NYSE:CB) had its price objective increased by Citigroup Inc. from $167.00 to $173.00 in a report released on Monday. They currently have a neutral rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on the stock. Barclays PLC raised their target price on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an overweight rating in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a buy rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a buy rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 29th. Morgan Stanley reissued 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 note on Thursday, July 6th. Finally, Zacks Investment Research cut shares of D/B/A Chubb Limited New from a hold rating to a sell rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $156.55.

D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The business had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period last year, the business earned $2.88 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is 34.05%.

In other D/B/A Chubb Limited New news, 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 transaction of $748,550.00. Following the completion of the sale, the insider now owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 16,674 shares of D/B/A Chubb Limited New stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Insiders have sold a total of 68,723 shares of company stock valued at $10,287,046 in the last ninety days. Insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 worth $5,134,923,000 after buying an additional 838,652 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of 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 worth $4,261,481,000 after buying an additional 409,574 shares in the last quarter. FMR LLC lifted its holdings in shares of 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 worth $3,972,471,000 after buying an additional 294,867 shares in the last quarter. State Street Corp lifted its holdings in shares of 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 worth $3,011,419,000 after buying an additional 212,643 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 worth $1,334,559,000 after buying an additional 145,358 shares in the last quarter. 86.99% 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.

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

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