ACE Limited Hits New 52-Week High at $105.45 (ACE)
Shares of ACE Limited (NYSE:ACE) hit a new 52-week high on Thursday , Analyst RN reports. The company traded as high as $105.45 and last traded at $105.41, with a volume of 274,314 shares changing hands. The stock had previously closed at $104.81.
ACE has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of ACE Limited in a research note on Friday, June 13th. They now have a $124.00 price target on the stock. Separately, 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. Finally, analysts at Morgan Stanley reiterated a “positive” rating on shares of ACE Limited in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $112.61.
The stock’s 50-day moving average is $103. and its 200-day moving average is $99.6. The company has a market cap of $35.567 billion and a P/E ratio of 10.18.
ACE Limited (NYSE:ACE) last announced its earnings results on Tuesday, April 29th. The company reported $2.27 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.17 earnings per share. ACE Limited’s revenue was up 12.0% compared to the same quarter last year. On average, analysts predict that ACE Limited will post $8.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 13th. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, July 21st.
In other ACE Limited news, COO John W. Keogh sold 20,683 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $104.05, for a total value of $2,152,066.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ACE Ltd (NYSE:ACE) is a holding company.
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