D/B/A Chubb Limited New (NYSE:CB)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research note issued to investors on Thursday. They presently have a $156.00 price target on the financial services provider’s stock, up from their previous price target of $152.00. Morgan Stanley’s price objective would suggest a potential upside of 7.26% from the company’s current price.

CB has been the subject of several other reports. Credit Suisse Group set a $145.00 target price on shares of D/B/A Chubb Limited New and gave the company a “buy” rating in a research report on Saturday, March 25th. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Barclays PLC boosted 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 report on Monday. Keefe, Bruyette & Woods restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada boosted their target price on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New has a consensus rating of “Buy” and a consensus target price of $148.00.

D/B/A Chubb Limited New (CB) traded down 0.36% on Thursday, reaching $145.44. 1,209,834 shares of the company traded hands. The stock has a 50-day moving average price of $143.27 and a 200-day moving average price of $137.10. The firm has a market cap of $67.91 billion, a P/E ratio of 14.32 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 $148.32.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.06. D/B/A Chubb Limited New had a net margin of 14.88% and a return on equity of 10.09%. The business had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the previous year, the company earned $2.26 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that D/B/A Chubb Limited New will post $10.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, June 30th will be paid a $0.71 dividend. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 28th. D/B/A Chubb Limited New’s dividend payout ratio is currently 28.01%.

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In other news, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total value of $10,011,697.75. Following the sale, the chief executive officer now directly owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John W. Keogh sold 20,999 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $147.45, for a total transaction of $3,096,302.55. Following the completion of the sale, the insider now directly owns 234,103 shares in the company, valued at $34,518,487.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,786 shares of company stock worth $24,284,656. Insiders own 0.43% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after buying an additional 1,863,310 shares in the last quarter. FMR LLC raised its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock worth $3,972,471,000 after buying an additional 294,867 shares in the last quarter. BlackRock Inc. raised its stake in D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after buying an additional 27,931,997 shares in the last quarter. State Street Corp raised its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock worth $3,011,419,000 after buying an additional 212,643 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in D/B/A Chubb Limited New by 1.5% in the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock worth $1,334,559,000 after buying an additional 145,358 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

About D/B/A Chubb Limited New

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.

Analyst Recommendations for D/B/A Chubb Limited New (NYSE:CB)

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