Searle & CO. maintained its stake in D/B/A Chubb Limited New (NYSE:CB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,337 shares of the financial services provider’s stock at the end of the second quarter. Searle & CO.’s holdings in D/B/A Chubb Limited New were worth $340,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CB. Confluence Investment Management LLC increased its position in shares of D/B/A Chubb Limited New by 7.9% in the first quarter. Confluence Investment Management LLC now owns 675,131 shares of the financial services provider’s stock worth $91,987,000 after buying an additional 49,281 shares during the period. CENTRAL TRUST Co increased its position in shares of D/B/A Chubb Limited New by 30.3% in the first quarter. CENTRAL TRUST Co now owns 9,423 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 2,190 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of D/B/A Chubb Limited New by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 407,007 shares of the financial services provider’s stock worth $55,454,000 after buying an additional 12,966 shares during the period. Woodstock Corp increased its position in shares of D/B/A Chubb Limited New by 2.9% in the first quarter. Woodstock Corp now owns 21,185 shares of the financial services provider’s stock worth $2,886,000 after buying an additional 600 shares during the period. Finally, Liberty Capital Management Inc. increased its position in shares of D/B/A Chubb Limited New by 3.1% in the first quarter. Liberty Capital Management Inc. now owns 19,009 shares of the financial services provider’s stock worth $2,590,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 88.63% of the company’s stock.
Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 147.00 on Friday. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $148.32. The stock has a 50 day moving average of $145.66 and a 200 day moving average of $138.40. The company has a market cap of $68.64 billion, a price-to-earnings ratio of 14.48 and a beta of 0.91.
D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.06. D/B/A Chubb Limited New had a return on equity of 10.09% and a net margin of 14.88%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter last year, the firm posted $2.26 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. Analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, June 30th were paid a $0.71 dividend. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. The ex-dividend date was Wednesday, June 28th. 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 (DPR) is presently 28.01%.
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A number of research analysts have recently issued reports on the stock. Credit Suisse Group set a $145.00 price target on shares of D/B/A Chubb Limited New and gave the stock 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. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price target on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and issued a $156.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $150.88.
In related news, CEO Evan G. Greenberg sold 69,175 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total value of $10,011,697.75. Following the completion of the sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John W. Keogh sold 20,999 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 234,103 shares of the company’s stock, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. Insiders sold 166,786 shares of company stock valued at $24,284,656 in the last ninety days. 0.43% of the stock is currently owned by 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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