ValuEngine Lowers D/B/A Chubb Limited New (CB) to Hold

ValuEngine lowered shares of D/B/A Chubb Limited New (NYSE:CB) from a buy rating to a hold rating in a research note published on Tuesday.

CB has been the topic of several other reports. Citigroup Inc. boosted their target price on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a neutral rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a sell rating to a hold rating in a research report on Monday, July 31st. Wells Fargo & Company restated a buy rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. UBS AG decreased their target price on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a buy rating on the stock in a research report on Tuesday, September 19th. Finally, Raymond James Financial, Inc. boosted their target price on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $155.45.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same period last year, the firm posted $2.25 EPS. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis.

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

In other news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the completion of the transaction, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold a total of 67,604 shares of company stock valued at $10,031,383 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in shares of D/B/A Chubb Limited New by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock worth $245,000 after buying an additional 12 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of D/B/A Chubb Limited New by 0.4% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock worth $424,000 after buying an additional 12 shares during the last quarter. Keel Point LLC raised its stake in shares of D/B/A Chubb Limited New by 0.7% during the 1st quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock worth $346,000 after buying an additional 17 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of D/B/A Chubb Limited New by 0.5% during the 1st quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after buying an additional 19 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of D/B/A Chubb Limited New by 0.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,438 shares of the financial services provider’s stock worth $354,000 after buying an additional 22 shares during the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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