D/B/A Chubb Limited New (NYSE:CB) Rating Reiterated by Morgan Stanley
Morgan Stanley restated their overweight rating on shares of D/B/A Chubb Limited New (NYSE:CB) in a research note published on Thursday, July 6th. They currently have a $156.00 price target on the financial services provider’s stock, up from their prior price target of $152.00.
Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company restated a buy rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Barclays PLC increased 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 report on Monday, July 3rd. Keefe, Bruyette & Woods reiterated a buy rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Royal Bank Of Canada increased their price objective on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an outperform rating in a report on Thursday, April 27th. Finally, Citigroup Inc. reiterated a buy rating and issued a $157.00 price objective (up previously from $147.00) on shares of D/B/A Chubb Limited New in a report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. D/B/A Chubb Limited New currently has a consensus rating of Buy and a consensus target price of $154.09.
D/B/A Chubb Limited New (NYSE:CB) traded down 0.05% during trading on Thursday, hitting $149.80. The company had a trading volume of 840,758 shares. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28. The company’s 50 day moving average price is $145.87 and its 200-day moving average price is $139.35. The stock has a market capitalization of $69.71 billion, a price-to-earnings ratio of 13.17 and a beta of 0.91.
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, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion during 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%. D/B/A Chubb Limited New’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 EPS. On average, analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, June 28th. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.
In related news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the completion of the transaction, the insider now owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John W. Keogh sold 20,999 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $147.45, for a total value of $3,096,302.55. Following the transaction, the insider now directly owns 234,103 shares of the company’s stock, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,341 shares of company stock valued at $26,563,775. 0.43% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd bought a new position in D/B/A Chubb Limited New during the first quarter worth $101,000. Assetmark Inc. raised 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 worth $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 worth $168,000. Shine Investment Advisory Services Inc. bought a new position in D/B/A Chubb Limited New during the second quarter worth $185,000. Finally, Integrated Investment Consultants LLC raised 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 worth $176,000 after buying an additional 43 shares during the period. 88.67% of the stock is owned by institutional investors.
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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