Atlas Brown Inc. continued to hold 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 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 filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its position in D/B/A Chubb Limited New by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 2,795 shares of the financial services provider’s stock valued at $381,000 after buying an additional 12 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock valued at $245,000 after buying an additional 12 shares in the last quarter. Keel Point LLC boosted its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock valued at $346,000 after buying an additional 17 shares in the last quarter. Mackenzie Financial Corp boosted its position in D/B/A Chubb Limited New by 0.5% in the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock valued at $565,000 after buying an additional 19 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in D/B/A Chubb Limited New by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,114 shares of the financial services provider’s stock valued at $288,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Shares of D/B/A Chubb Limited New (CB) traded up 1.66% during midday trading on Friday, hitting $145.35. The company had a trading volume of 2,213,105 shares. The company has a 50-day moving average of $145.81 and a 200-day moving average of $138.97. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $148.38. The company has a market capitalization of $67.64 billion, a PE ratio of 12.78 and a beta of 0.91.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $7.58 billion during 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 business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 earnings per share. Analysts predict that D/B/A Chubb Limited New will post $10.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were given a $0.71 dividend. The ex-dividend date 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 dividend yield of 1.95%. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.
Several equities analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $165.00 price target on shares of D/B/A Chubb Limited New in a report on Thursday. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 price target on shares of D/B/A Chubb Limited New in a report on Thursday. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $153.40.
In related news, CEO Evan G. Greenberg sold 69,175 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,360,382 shares in the company, valued at $196,888,086.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 13,804 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $145.39, for a total value of $2,006,963.56. Following the completion of the transaction, the chief executive officer now owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The disclosure for this sale can be found here. Insiders sold 166,786 shares of company stock valued at $24,284,656 over the last quarter. 0.43% of the stock is currently owned by company 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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