Woodmont Investment Counsel LLC maintained its position in shares of D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,090 shares of the financial services provider’s stock at the end of the first quarter. Woodmont Investment Counsel LLC’s holdings in D/B/A Chubb Limited New were worth $966,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Assetmark Inc. boosted its position 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 last quarter. Pinnacle Bank bought a new position in shares of D/B/A Chubb Limited New during the first quarter worth about $168,000. Integrated Investment Consultants LLC boosted its position 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 worth $176,000 after buying an additional 43 shares during the last quarter. Norway Savings Bank boosted its position 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 worth $180,000 after buying an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position 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 worth $185,000 after buying an additional 254 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.
D/B/A Chubb Limited New (NYSE:CB) traded down 0.05% on Friday, hitting $149.80. The company had a trading volume of 843,700 shares. The firm has a 50-day moving average price of $145.87 and a 200-day moving average price of $139.35. The firm has a market capitalization of $69.71 billion, a PE ratio of 13.17 and a beta of 0.91. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28.
D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. On average, equities research analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, June 30th were given a $0.71 dividend. The ex-dividend date was Wednesday, June 28th. This is an increase from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 24.98%.
A number of research analysts have issued reports 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 reissued 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 reissued a “buy” rating and set a $153.00 price objective on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $154.09.
In other D/B/A Chubb Limited New news, insider John W. Keogh sold 20,999 shares of the 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 completion of the transaction, the insider now directly owns 234,103 shares in the company, valued at $34,518,487.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul J. Krump sold 14,563 shares of the 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 transaction, the insider now owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The disclosure for this sale can be found here. Insiders sold 182,341 shares of company stock valued at $26,563,775 over the last quarter. Corporate insiders own 0.43% of the company’s stock.
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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