ACE Limited (ACE) Announces Quarterly Dividend of $0.12
ACE Limited (NYSE:ACE) declared a quarterly dividend on Tuesday, June 3rd, American Banking and Market News reports. Investors of record on Wednesday, July 23rd will be given a dividend of 0.12 per share on Wednesday, August 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 21st.
ACE has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of ACE Limited in a research note on Monday, May 5th. They now have a $105.00 price target on the stock. On a related note, analysts at Morgan Stanley reiterated a “positive” rating on shares of ACE Limited in a research note on Thursday, May 1st. Finally, analysts at JMP Securities raised their price target on shares of ACE Limited from $110.00 to $115.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. ACE Limited has an average rating of “Buy” and an average price target of $112.53.
ACE Limited (NYSE:ACE) traded down 0.67% during mid-day trading on Tuesday, hitting $102.85. 890,646 shares of the company’s stock traded hands. ACE Limited has a 1-year low of $84.73 and a 1-year high of $104.07. The stock has a 50-day moving average of $102.2 and a 200-day moving average of $99.35. The company has a market cap of $34.732 billion and a price-to-earnings ratio of 10.06.
ACE Limited (NYSE:ACE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.12. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $2.17 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts expect that ACE Limited will post $8.87 EPS for the current fiscal year.
ACE Ltd (NYSE:ACE) is a holding company.
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