Boltwood Capital Management bought a new position in shares of D/B/A Chubb Limited New (NYSE:CB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,381 shares of the financial services provider’s stock, valued at approximately $200,000.
Several other institutional investors have also modified their holdings of CB. Point72 Asia Hong Kong Ltd acquired a new position in shares of D/B/A Chubb Limited New during the first quarter worth approximately $101,000. Assetmark Inc. increased 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 in the last quarter. Pinnacle Bank acquired a new position in shares of D/B/A Chubb Limited New during the first quarter worth approximately $168,000. Norway Savings Bank increased 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 in the last quarter. Finally, SRS Capital Advisors Inc. increased 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 in the last quarter. 88.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of D/B/A Chubb Limited New (NYSE CB) traded down 0.5226% on Thursday, reaching $148.5098. 284,353 shares of the company’s stock traded hands. The firm has a market capitalization of $69.12 billion, a P/E ratio of 13.0558 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28. The company’s 50-day moving average is $146.28 and its 200-day moving average is $140.01.
D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. Equities research analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.90%. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.
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A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $165.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Thursday, April 27th. UBS AG reaffirmed a “buy” rating and set a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. Finally, BidaskClub raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New currently has an average rating of “Buy” and a consensus price target of $154.09.
In related news, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul J. Krump sold 14,563 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following 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. Over the last quarter, insiders have sold 187,341 shares of company stock valued at $27,312,325. 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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