D/B/A Chubb Limited New (NYSE:CB) Given New $170.00 Price Target at Citigroup Inc.

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

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada reaffirmed a buy rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an overweight rating and issued a $156.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Barclays PLC upped their price objective on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an overweight rating in a research note on Monday, July 3rd. BidaskClub raised shares of D/B/A Chubb Limited New from a sell rating to a hold rating in a research report on Saturday, June 17th. Finally, Keefe, Bruyette & Woods reissued a buy rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. D/B/A Chubb Limited New presently has a consensus rating of Buy and a consensus target price of $154.09.

Shares of D/B/A Chubb Limited New (CB) traded down 1.27% on Thursday, reaching $146.44. 2,126,606 shares of the company were exchanged. The company has a market capitalization of $68.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.91. The company’s 50-day moving average is $146.33 and its 200-day moving average is $140.07. 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 released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.

In other news, CEO Evan G. Greenberg sold 69,175 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul J. Krump sold 14,563 shares of the 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 transaction, 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 a total of 234,390 shares of company stock valued at $34,316,039 over the last ninety days. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Investment Advisors LLC raised its position in shares of D/B/A Chubb Limited New by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 2,795 shares of the financial services provider’s stock worth $381,000 after buying an additional 12 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of D/B/A Chubb Limited New by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock worth $245,000 after buying an additional 12 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of D/B/A Chubb Limited New by 0.4% in the second quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock worth $424,000 after buying an additional 12 shares during the last quarter. Keel Point LLC raised its position in shares of D/B/A Chubb Limited New by 0.7% in the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock worth $346,000 after buying an additional 17 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of D/B/A Chubb Limited New by 0.5% in the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after buying an additional 19 shares during the last quarter. Institutional investors own 88.43% of the company’s stock.

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.

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