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ACE Limited (NYSE:ACE) has received an “A-” credit rating from Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.

A number of other firms have also recently commented on ACE. Analysts at Zacks reiterated an “outperform” rating on shares of ACE Limited in a research note on Monday, August 25th. They now have a $126.00 price target on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ACE Limited in a research note on Thursday, July 24th. They now have a $108.00 price target on the stock, up previously from $100.00. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. ACE Limited has an average rating of “Buy” and an average target price of $112.78.

Shares of ACE Limited (NYSE:ACE) traded up 0.20% during mid-day trading on Monday, hitting $106.33. The stock had a trading volume of 800,206 shares. ACE Limited has a one year low of $87.11 and a one year high of $108.62. The stock has a 50-day moving average of $103.2 and a 200-day moving average of $101.5. The company has a market cap of $35.695 billion and a price-to-earnings ratio of 10.62.

ACE Limited (NYSE:ACE) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $2.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.23 by $0.19. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that ACE Limited will post $9.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 21st. Investors of record on Tuesday, September 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.45%.

ACE Ltd (NYSE:ACE) is a holding company.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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