Barrett Asset Management LLC cut its position in D/B/A Chubb Limited New (NYSE:CB) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,348 shares of the financial services provider’s stock after selling 2,940 shares during the period. Barrett Asset Management LLC’s holdings in D/B/A Chubb Limited New were worth $13,135,000 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. MV Capital Management Inc. increased its position in shares of D/B/A Chubb Limited New by 6.5% in the second quarter. MV Capital Management Inc. now owns 2,897 shares of the financial services provider’s stock worth $421,000 after buying an additional 178 shares in the last quarter. Advisor Partners LLC increased its position in shares of D/B/A Chubb Limited New by 10.4% in the second quarter. Advisor Partners LLC now owns 8,973 shares of the financial services provider’s stock worth $1,304,000 after buying an additional 846 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of D/B/A Chubb Limited New by 83.4% in the second quarter. Chicago Partners Investment Group LLC now owns 1,542 shares of the financial services provider’s stock worth $212,000 after buying an additional 701 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of D/B/A Chubb Limited New by 0.4% in the second quarter. Retirement Systems of Alabama now owns 331,270 shares of the financial services provider’s stock worth $48,160,000 after buying an additional 1,241 shares in the last quarter. Finally, Callahan Advisors LLC increased its position in shares of D/B/A Chubb Limited New by 2.2% in the second quarter. Callahan Advisors LLC now owns 63,316 shares of the financial services provider’s stock worth $9,205,000 after buying an additional 1,336 shares in the last quarter. Institutional investors own 87.80% of the company’s stock.
Shares of D/B/A Chubb Limited New (NYSE CB) opened at 145.31 on Wednesday. The firm has a market cap of $67.63 billion, a PE ratio of 12.77 and a beta of 0.91. The firm’s 50-day moving average is $146.62 and its 200-day moving average is $140.94. 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 announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter last year, the firm earned $2.25 EPS. D/B/A Chubb Limited New’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.
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A number of brokerages recently issued reports on CB. UBS AG reiterated a “buy” rating and issued 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. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $155.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Raymond James Financial, Inc. lifted their price target on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $165.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.09.
In related news, CEO Evan G. Greenberg sold 69,175 shares of the business’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 sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction on 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 sale, 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. In the last ninety days, insiders sold 234,390 shares of company stock worth $34,316,039. 0.43% of the stock is 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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