Keefe, Bruyette & Woods Reiterates “Buy” Rating for D/B/A Chubb Limited New (CB)

D/B/A Chubb Limited New (NYSE:CB)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a report issued on Sunday. They currently have a $153.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 0.07% from the company’s current price.

Several other research analysts have also commented on CB. Royal Bank Of Canada restated a “buy” rating and issued a $165.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. UBS AG decreased their price objective on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. ValuEngine lowered shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. Finally, Morgan Stanley restated 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 report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. D/B/A Chubb Limited New presently has a consensus rating of “Hold” and an average target price of $155.73.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 152.89 on Friday. The firm has a 50-day moving average of $147.17 and a 200 day moving average of $144.17. The company has a market capitalization of $71.16 billion, a P/E ratio of 13.44 and a beta of 0.92. D/B/A Chubb Limited New has a 1-year low of $123.07 and a 1-year high of $156.00.

D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The business had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.14 billion. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 EPS. On average, equities research analysts expect that D/B/A Chubb Limited New will post $7.42 earnings per share for the current year.

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In related news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 16,674 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $152.02, for a total transaction of $2,534,781.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,723 shares of company stock valued at $10,287,046. 0.43% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd purchased a new stake in D/B/A Chubb Limited New during the 1st quarter valued at about $101,000. Manchester Capital Management LLC purchased a new stake in D/B/A Chubb Limited New during the 2nd quarter valued at about $106,000. Atlantic Trust LLC purchased a new stake in D/B/A Chubb Limited New during the 2nd quarter valued at about $116,000. SRS Capital Advisors Inc. grew its position in D/B/A Chubb Limited New by 22.9% during the 1st 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 last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in D/B/A Chubb Limited New during the 2nd quarter valued at about $185,000. 86.99% 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.

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