Royal Bank Of Canada reaffirmed their buy rating on shares of D/B/A Chubb Limited New (NYSE:CB) in a research report sent to investors on Thursday. Royal Bank Of Canada currently has a $165.00 target price on the financial services provider’s stock.

A number of other research analysts also recently commented on CB. Wells Fargo & Company reaffirmed a buy rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of D/B/A Chubb Limited New from a hold rating to a sell rating in a research report on Tuesday, July 18th. Citigroup Inc. boosted their price objective on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a neutral rating in a research report on Thursday, July 13th. 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, Morgan Stanley reaffirmed an overweight rating and set a $156.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $153.40.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 145.35 on Thursday. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $148.38. The company’s 50-day moving average is $145.81 and its 200-day moving average is $138.97. The firm has a market cap of $67.64 billion, a price-to-earnings ratio of 12.78 and a beta of 0.91.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, equities research 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 company 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. The ex-dividend date was Wednesday, June 28th. D/B/A Chubb Limited New’s payout ratio is presently 24.98%.

In related news, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the completion of the transaction, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 13,804 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the transaction, the chief executive officer now owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The disclosure for this sale can be found here. Insiders sold 166,786 shares of company stock valued at $24,284,656 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CB. Capital Investment Advisors LLC boosted 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 in the last quarter. Guardian Life Insurance Co. of America boosted 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 in the last quarter. Keel Point LLC boosted 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 in the last quarter. Mackenzie Financial Corp boosted 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 in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in shares of D/B/A Chubb Limited New by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,114 shares of the financial services provider’s stock worth $288,000 after buying an additional 20 shares in the last quarter. 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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