Traders Buy Shares of D/B/A Chubb Limited New (CB) on Weakness

Investors bought shares of D/B/A Chubb Limited New (NYSE:CB) on weakness during trading on Wednesday. $139.26 million flowed into the stock on the tick-up and $98.54 million flowed out of the stock on the tick-down, for a money net flow of $40.72 million into the stock. Of all companies tracked, D/B/A Chubb Limited New had the 16th highest net in-flow for the day. D/B/A Chubb Limited New traded down ($3.46) for the day and closed at $143.90

CB has been the subject of several research analyst reports. Morgan Stanley increased their price objective 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 reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC increased their price objective on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New presently has a consensus rating of “Buy” and an average price target of $154.09.

The stock’s 50-day moving average price is $145.87 and its 200 day moving average price is $139.35. The firm has a market cap of $69.71 billion, a PE ratio of 13.17 and a beta of 0.91.

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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share 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 issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. 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. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

In related news, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Krump sold 14,563 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the transaction, the insider now directly owns 78,863 shares in the company, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Insiders have sold 182,341 shares of company stock worth $26,563,775 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd purchased a new stake in D/B/A Chubb Limited New during the first quarter valued at $101,000. Assetmark Inc. raised its stake in 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 valued at $159,000 after buying an additional 27 shares during the period. Pinnacle Bank purchased a new stake in D/B/A Chubb Limited New during the first quarter valued at $168,000. Integrated Investment Consultants LLC raised its stake in 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 period. Finally, Norway Savings Bank raised its stake in 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 period. 88.67% of the stock is currently owned by institutional investors.

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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.