D/B/A Chubb Limited New (NYSE:CB) had its price target boosted by Raymond James Financial, Inc. from $150.00 to $160.00 in a research report sent to investors on Thursday. They currently have an outperform rating on the financial services provider’s stock.

CB has been the topic of a number of other research reports. Citigroup Inc. raised their price objective on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a neutral rating in a report on Thursday, July 13th. Wells Fargo & Company reissued a buy rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. Zacks Investment Research cut shares of D/B/A Chubb Limited New from a hold rating to a sell rating in a report on Tuesday, July 18th. Royal Bank Of Canada raised their price objective on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an outperform rating in a report on Thursday, April 27th. Finally, Morgan Stanley reissued an overweight rating and set a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $153.40.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 145.35 on Thursday. The stock has a market cap of $67.64 billion, a P/E ratio of 12.78 and a beta of 0.91. The firm’s 50-day moving average is $145.81 and its 200 day moving average is $138.97. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $148.38.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts forecast that D/B/A Chubb Limited New will post $10.28 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were given a dividend of $0.71 per share. 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 1.95%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.

In related news, insider Paul J. Krump sold 14,563 shares of D/B/A Chubb Limited New stock in a transaction 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 directly owns 78,863 shares in the company, valued at approximately $11,185,927.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John W. Keogh sold 48,245 shares of D/B/A Chubb Limited New stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $147.25, for a total transaction of $7,104,076.25. Following the completion of the transaction, the insider now owns 256,860 shares in the company, valued at $37,822,635. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,786 shares of company stock worth $24,284,656. 0.43% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd purchased a new position in D/B/A Chubb Limited New during the first quarter worth $101,000. Assetmark Inc. raised its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the period. Pinnacle Bank purchased a new position in D/B/A Chubb Limited New during the first quarter worth $168,000. Integrated Investment Consultants LLC raised its position in D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock worth $176,000 after buying an additional 43 shares during the period. Finally, Norway Savings Bank raised its position in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 88.67% 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.

Analyst Recommendations for D/B/A Chubb Limited New (NYSE:CB)

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