FY2018 EPS Estimates for D/B/A Chubb Limited New Lowered by William Blair (CB)

D/B/A Chubb Limited New (NYSE:CB) – William Blair dropped their FY2018 earnings per share estimates for D/B/A Chubb Limited New in a research report issued to clients and investors on Monday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $9.56 per share for the year, down from their previous estimate of $9.75.

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

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

Shares of D/B/A Chubb Limited New (NYSE CB) traded up 0.27% during trading on Wednesday, hitting $150.49. The stock had a trading volume of 342,180 shares. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.50. The stock has a 50 day moving average of $143.28 and a 200 day moving average of $142.90. The company has a market cap of $70.10 billion, a PE ratio of 16.97 and a beta of 0.92.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in D/B/A Chubb Limited New by 2.4% during the second quarter. Vanguard Group Inc. now owns 35,320,686 shares of the financial services provider’s stock worth $5,134,923,000 after acquiring an additional 838,652 shares during the last quarter. BlackRock Inc. increased its stake in D/B/A Chubb Limited New by 1.4% during the second quarter. BlackRock Inc. now owns 29,312,701 shares of the financial services provider’s stock worth $4,261,481,000 after acquiring an additional 409,574 shares during the last quarter. FMR LLC increased its stake in D/B/A Chubb Limited New by 1.0% during the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock worth $3,972,471,000 after acquiring an additional 294,867 shares during the last quarter. State Street Corp increased its stake in D/B/A Chubb Limited New by 1.0% during 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 acquiring an additional 212,643 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in D/B/A Chubb Limited New by 1.5% during 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 acquiring an additional 145,358 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 100,822 shares in the company, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold 67,604 shares of company stock worth $10,031,383 over the last three months. 0.43% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 1.89%. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.

D/B/A Chubb Limited New Company Profile

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.

Earnings History and Estimates for D/B/A Chubb Limited New (NYSE:CB)

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