D/B/A Chubb Limited New (NYSE:CB)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a research note issued on Thursday, July 27th. They presently have a $165.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 10.15% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research note 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 research note on Tuesday, July 18th. Citigroup Inc. lifted their target price 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 note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and issued a $156.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Finally, Barclays PLC lifted their target price 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 note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. D/B/A Chubb Limited New currently has a consensus rating of “Buy” and a consensus price target of $154.09.
Shares of D/B/A Chubb Limited New (NYSE CB) opened at 149.80 on Thursday. The stock has a 50 day moving average of $145.87 and a 200 day moving average of $139.35. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 13.17 and a beta of 0.91. 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 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. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. Equities analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
WARNING: “Royal Bank Of Canada Reaffirms “Buy” Rating for D/B/A Chubb Limited New (CB)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/06/dba-chubb-limited-news-cb-buy-rating-reiterated-at-royal-bank-of-canada-updated.html.
In related news, insider Timothy Alan Boroughs sold 15,555 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the transaction, the insider now owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 182,341 shares of company stock worth $26,563,775 in the last ninety days. 0.43% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new stake in D/B/A Chubb Limited New during the first quarter worth $101,000. Assetmark Inc. increased its stake 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 in the last quarter. Pinnacle Bank acquired a new stake in D/B/A Chubb Limited New during the first quarter worth $168,000. Integrated Investment Consultants LLC increased its stake 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 in the last quarter. Finally, Norway Savings Bank increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 88.67% 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.
Receive News & Ratings for D/B/A Chubb Limited New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D/B/A Chubb Limited New and related companies with MarketBeat.com's FREE daily email newsletter.
