Atlas Brown Inc. held its stake in D/B/A Chubb Limited New (NYSE:CB) during the second quarter, Holdings Channel reports. The firm owned 3,285 shares of the financial services provider’s stock at the end of the second quarter. Atlas Brown Inc.’s holdings in D/B/A Chubb Limited New were worth $478,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in D/B/A Chubb Limited New during the fourth quarter valued at $2,037,000. Pekin Singer Strauss Asset Management IL increased its stake in D/B/A Chubb Limited New by 2.7% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 7,500 shares of the financial services provider’s stock valued at $991,000 after buying an additional 200 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in D/B/A Chubb Limited New by 5.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,691 shares of the financial services provider’s stock valued at $378,000 after buying an additional 130 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in D/B/A Chubb Limited New during the fourth quarter valued at $4,461,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in D/B/A Chubb Limited New during the fourth quarter valued at $1,991,000. Institutional investors and hedge funds own 88.63% of the company’s stock.
D/B/A Chubb Limited New (NYSE:CB) traded down 0.40% during trading on Thursday, reaching $145.97. The company’s stock had a trading volume of 269,963 shares. The stock has a market capitalization of $68.16 billion, a PE ratio of 14.38 and a beta of 0.91. The stock has a 50 day moving average price of $145.57 and a 200 day moving average price of $138.34. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $148.32.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. D/B/A Chubb Limited New had a return on equity of 10.09% and a net margin of 14.88%. D/B/A Chubb Limited New’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. Analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, June 30th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 28.01%.
Several analysts recently weighed in on CB shares. Morgan Stanley lifted their price objective on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Barclays PLC lifted their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Finally, BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $150.88.
In other news, insider Paul J. Krump sold 14,563 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the sale, the insider now owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John W. Keogh sold 20,999 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $147.45, for a total value of $3,096,302.55. Following the sale, the insider now directly owns 234,103 shares in the company, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. Insiders sold a total of 166,786 shares of company stock worth $24,284,656 in the last ninety days. 0.43% of the stock is owned by corporate insiders.
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.
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