D/B/A Chubb Limited New to Post Q3 2017 Earnings of $2.69 Per Share, William Blair Forecasts (NYSE:CB)

D/B/A Chubb Limited New (NYSE:CB) – Stock analysts at William Blair cut their Q3 2017 earnings per share (EPS) estimates for D/B/A Chubb Limited New in a report released on Thursday. William Blair analyst A. Klauber now expects that the financial services provider will post earnings of $2.69 per share for the quarter, down from their prior forecast of $2.70. William Blair also issued estimates for D/B/A Chubb Limited New’s Q4 2017 earnings at $2.42 EPS, FY2017 earnings at $10.09 EPS, Q1 2018 earnings at $2.34 EPS, Q4 2018 earnings at $2.31 EPS and FY2018 earnings at $9.75 EPS.

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, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The company 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 business earned $2.25 earnings per share. The company’s revenue was down .8% compared to the same quarter last year.

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Several other equities analysts have also weighed in on the company. UBS AG restated a “buy” rating and set a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Raymond James Financial, Inc. raised their target price on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $165.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New has an average rating of “Buy” and an average price target of $154.09.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 148.07 on Monday. The stock has a market cap of $68.91 billion, a P/E ratio of 13.02 and a beta of 0.91. The stock has a 50 day moving average price of $145.87 and a 200 day moving average price of $139.35. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $148.38.

Large investors have recently added to or reduced their stakes in the company. Trust Co. of Oklahoma increased its stake in D/B/A Chubb Limited New by 1.6% in the first quarter. Trust Co. of Oklahoma now owns 20,882 shares of the financial services provider’s stock worth $2,845,000 after buying an additional 336 shares during the period. Creative Planning increased its stake in D/B/A Chubb Limited New by 6.7% in the first quarter. Creative Planning now owns 15,017 shares of the financial services provider’s stock worth $2,046,000 after buying an additional 947 shares during the period. Raymond James Trust N.A. increased its stake in D/B/A Chubb Limited New by 0.9% in the first quarter. Raymond James Trust N.A. now owns 41,802 shares of the financial services provider’s stock worth $5,696,000 after buying an additional 379 shares during the period. Confluence Investment Management LLC increased its stake in D/B/A Chubb Limited New by 7.9% in the first quarter. Confluence Investment Management LLC now owns 675,131 shares of the financial services provider’s stock worth $91,987,000 after buying an additional 49,281 shares during the period. Finally, CENTRAL TRUST Co increased its stake in D/B/A Chubb Limited New by 30.3% in the first quarter. CENTRAL TRUST Co now owns 9,423 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 2,190 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Timothy Alan Boroughs sold 15,555 shares of D/B/A Chubb Limited New stock in a transaction dated 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 sale, the insider now directly owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul J. Krump sold 14,563 shares of D/B/A Chubb Limited New stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the sale, the insider now directly owns 78,863 shares in the company, valued at $11,185,927.92. The disclosure for this sale can be found here. Insiders sold 182,341 shares of company stock worth $26,563,775 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were paid a $0.71 dividend. 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. D/B/A Chubb Limited New’s payout ratio is presently 24.98%.

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.

Earnings History and Estimates for D/B/A Chubb Limited New (NYSE:CB)

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