D/B/A Chubb Limited New (CB) Upgraded at BidaskClub

BidaskClub upgraded shares of D/B/A Chubb Limited New (NYSE:CB) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other analysts also recently issued reports on CB. Credit Suisse Group set a $145.00 target price on shares of D/B/A Chubb Limited New and gave the company a buy rating in a research note on Saturday, March 25th. Citigroup Inc. reissued a buy rating and set a $157.00 target price (up from $147.00) on shares of D/B/A Chubb Limited New in a research note on Friday, April 7th. Wells Fargo & Company reissued a buy rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Royal Bank Of Canada boosted their target price on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an outperform rating in a research note on Thursday, April 27th. Finally, Keefe, Bruyette & Woods reissued a buy rating on shares of D/B/A Chubb Limited New in a research note on Thursday, April 27th. One analyst has 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 currently has an average rating of Buy and a consensus price target of $145.60.

Shares of D/B/A Chubb Limited New (NYSE:CB) traded up 0.12% on Friday, hitting $147.58. 2,107,018 shares of the company traded hands. The firm’s 50 day moving average price is $141.11 and its 200-day moving average price is $136.06. D/B/A Chubb Limited New has a 1-year low of $121.08 and a 1-year high of $147.95. The stock has a market capitalization of $68.91 billion, a price-to-earnings ratio of 14.54 and a beta of 0.90.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.06. D/B/A Chubb Limited New had a net margin of 14.88% and a return on equity of 10.09%. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the previous year, the business earned $2.26 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that D/B/A Chubb Limited New will post $10.32 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, June 30th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, June 28th. This is an increase from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. D/B/A Chubb Limited New’s dividend payout ratio is 27.22%.

In related news, CEO Evan G. Greenberg sold 13,804 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the completion of the sale, the chief executive officer now directly owns 1,351,207 shares in the company, valued at $196,451,985.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the completion of the sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The disclosure for this sale can be found here. Insiders sold 97,542 shares of company stock valued at $14,084,277 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 worth $4,698,178,000 after buying an additional 1,863,310 shares in the last quarter. FMR LLC boosted its stake in shares of 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 worth $3,972,471,000 after buying an additional 294,867 shares in the last quarter. BlackRock Inc. boosted its stake in shares of 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 worth $3,938,050,000 after buying an additional 27,931,997 shares in the last quarter. State Street Corp boosted its stake in shares of 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 worth $3,011,419,000 after buying an additional 212,643 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of 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 worth $1,334,559,000 after buying an additional 145,358 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

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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