Geode Capital Management LLC raised its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,350,776 shares of the financial services provider’s stock after buying an additional 298,221 shares during the period. Geode Capital Management LLC’s holdings in D/B/A Chubb Limited New were worth $591,916,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the period. Pinnacle Bank purchased a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at $168,000. Integrated Investment Consultants LLC boosted its stake in shares of D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock valued at $176,000 after buying an additional 43 shares during the last quarter. Norway Savings Bank boosted its stake in shares of D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock valued at $180,000 after buying an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after buying an additional 254 shares during the last quarter. 88.63% of the stock is owned by institutional investors.
D/B/A Chubb Limited New (NYSE CB) opened at 147.00 on Friday. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $148.32. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 14.48 and a beta of 0.91. The company has a 50 day moving average of $145.66 and a 200 day moving average of $138.40.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $2.48 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, June 30th were paid a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. 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 yield of 1.93%. D/B/A Chubb Limited New’s dividend payout ratio is 28.01%.
WARNING: “Geode Capital Management LLC Increases Stake in D/B/A Chubb Limited New (NYSE:CB)” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/07/23/geode-capital-management-llc-increases-stake-in-dba-chubb-limited-new-nysecb.html.
CB has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Royal Bank Of Canada increased their price target 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. Finally, Citigroup Inc. reissued a “buy” rating and set a $157.00 price target (up previously from $147.00) on shares of D/B/A Chubb Limited New in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. D/B/A Chubb Limited New currently has an average rating of “Hold” and a consensus price target of $150.88.
In related news, insider Paul J. Krump sold 14,563 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total value of $2,065,615.92. Following the completion of the sale, the insider now directly owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the completion of the sale, the chief executive officer now directly owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 166,786 shares of company stock valued at $24,284,656. 0.43% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D/B/A Chubb Limited New (NYSE:CB).
Receive News & Ratings for D/B/A Chubb Limited New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D/B/A Chubb Limited New and related companies with MarketBeat.com's FREE daily email newsletter.
