D/B/A Chubb Limited New (NYSE:CB) had its target price raised by Citigroup Inc. from $160.00 to $170.00 in a research note published on Thursday, July 13th. The brokerage currently has a neutral rating on the financial services provider’s stock.

CB has been the subject of several other research reports. Credit Suisse Group set a $145.00 price objective on D/B/A Chubb Limited New and gave the company a buy rating in a research report on Saturday, March 25th. BidaskClub upgraded D/B/A Chubb Limited New from a sell rating to a hold rating in a research report on Saturday, June 17th. Royal Bank Of Canada reiterated a buy rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Morgan Stanley reiterated an overweight rating and issued a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Barclays PLC lifted their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $154.09.

D/B/A Chubb Limited New (NYSE CB) opened at 148.54 on Thursday. The firm’s 50-day moving average is $146.12 and its 200 day moving average is $139.57. The stock has a market cap of $69.13 billion, a price-to-earnings ratio of 13.06 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.

D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate 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 revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.25 EPS. On average, equities research analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, June 30th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, June 28th. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

In other D/B/A Chubb Limited New news, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction that occurred on 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul J. Krump sold 14,563 shares of the company’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 completion of the sale, the insider now owns 78,863 shares in the company, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Insiders sold 187,341 shares of company stock worth $27,312,325 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock valued at $4,698,178,000 after buying an additional 1,863,310 shares during the last quarter. FMR LLC increased its position in D/B/A Chubb Limited New by 1.0% in 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 buying an additional 294,867 shares during the last quarter. BlackRock Inc. increased its position in D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock valued at $3,938,050,000 after buying an additional 27,931,997 shares during the last quarter. State Street Corp increased its position in D/B/A Chubb Limited New by 1.0% in 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 buying an additional 212,643 shares during the last quarter. Finally, Bank of America Corp DE increased its position in D/B/A Chubb Limited New by 1.5% in 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 buying an additional 145,358 shares during the last quarter. 88.43% of the stock is currently 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.

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

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