ACE Ltd. (ACE) Announces Quarterly Dividend of $0.63
ACE (NYSE:ACE) declared a quarterly dividend on Thursday, February 27th, Stock Ratings Network.com reports. Investors of record on Friday, March 28th will be given a dividend of 0.63 per share on Thursday, April 17th. This represents a $2.52 dividend on an annualized basis and a yield of 2.62%.
A number of research firms have recently commented on ACE. Analysts at Citigroup Inc. initiated coverage on shares of ACE in a research note on Wednesday, February 12th. They set a “neutral” rating on the stock. On the ratings front, analysts at RBC Capital cut their price target on shares of ACE from $110.00 to $109.00 in a research note on Thursday, January 30th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of ACE in a research note on Wednesday, January 29th. They now have a $113.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. ACE presently has a consensus rating of “Buy” and a consensus target price of $108.56.
Shares of ACE (NYSE:ACE) traded up 0.67% on Thursday, hitting $96.7486. 261,805 shares of the company’s stock traded hands. ACE has a 1-year low of $84.71 and a 1-year high of $104.07. The stock’s 50-day moving average is $95.82 and its 200-day moving average is $95.86. The company has a market cap of $32.874 billion and a P/E ratio of 8.80.
ACE (NYSE:ACE) last announced its earnings results on Monday, January 27th. The company reported $2.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.01 by $0.38. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that ACE will post $8.65 earnings per share for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company of the ACE Group of Companies.
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