Shares of D/B/A Chubb Limited New (NYSE:CB) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $155.45.

Several equities research analysts have recently issued reports on CB shares. Royal Bank Of Canada reissued a “buy” rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. UBS AG reissued a “buy” rating and set a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.

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D/B/A Chubb Limited New (NYSE:CB) traded up 0.25% during trading on Wednesday, reaching $142.55. 1,413,249 shares of the company were exchanged. The firm has a market cap of $66.35 billion, a price-to-earnings ratio of 12.53 and a beta of 0.92. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The firm has a 50-day moving average of $144.64 and a 200-day moving average of $141.93.

D/B/A Chubb Limited New (NYSE:CB) last issued 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. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that D/B/A Chubb Limited New will post $10.22 EPS for the current year.

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 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the sale, the insider now owns 344,560 shares in the company, valued at $51,291,201.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction 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 approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders have sold 67,604 shares of company stock valued at $10,031,383 in the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CB. Point72 Asia Hong Kong Ltd bought a new position in shares of D/B/A Chubb Limited New in the first quarter valued at about $101,000. Manchester Capital Management LLC bought a new position in shares of D/B/A Chubb Limited New in the second quarter valued at about $106,000. Atlantic Trust LLC bought a new position in shares of D/B/A Chubb Limited New in the second quarter valued at about $116,000. Assetmark Inc. raised its position in shares of 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 valued at $159,000 after purchasing an additional 27 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 254 shares during the period. 86.60% 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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