D/B/A Chubb Limited New (NYSE:CB) 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 value of $2,279,118.60. Following the completion of the transaction, the insider now directly owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of D/B/A Chubb Limited New (CB) traded down 0.35% on Friday, hitting $145.44. The company had a trading volume of 1,054,117 shares. The company has a market capitalization of $67.69 billion, a price-to-earnings ratio of 12.79 and a beta of 0.91. The stock’s 50-day moving average is $146.62 and its 200 day moving average is $140.68. 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 quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion for 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%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. Equities analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.95%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.
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A number of equities analysts have weighed in on the company. UBS AG reissued a “buy” rating and issued a $161.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $156.00 price target (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 upped their price target on shares of 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 issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $154.09.
Several large investors have recently bought and sold shares of the stock. First American Bank increased its stake in D/B/A Chubb Limited New by 5.5% in the first quarter. First American Bank now owns 41,106 shares of the financial services provider’s stock valued at $5,600,000 after buying an additional 2,142 shares in the last quarter. 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 valued at $2,845,000 after buying an additional 336 shares in the last quarter. 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 valued at $2,046,000 after buying an additional 947 shares in the last quarter. 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 valued at $5,696,000 after buying an additional 379 shares in the last quarter. Finally, 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 valued at $91,987,000 after buying an additional 49,281 shares in the last quarter. Hedge funds and other institutional investors own 87.80% 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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