Jacobi Capital Management LLC grew its position in D/B/A Chubb Limited New (NYSE:CB) by 282.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,839 shares of the financial services provider’s stock after purchasing an additional 4,313 shares during the period. Jacobi Capital Management LLC’s holdings in D/B/A Chubb Limited New were worth $848,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new stake in D/B/A Chubb Limited New in the second quarter valued at approximately $106,000. Point72 Asia Hong Kong Ltd bought a new stake in D/B/A Chubb Limited New in the first quarter valued at approximately $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. Shine Investment Advisory Services Inc. bought a new stake in D/B/A Chubb Limited New in the second quarter valued at approximately $185,000. Finally, Independent Portfolio Consultants Inc. raised its stake in D/B/A Chubb Limited New by 63.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock valued at $197,000 after buying an additional 523 shares during the period. Institutional investors and hedge funds own 86.93% of the company’s stock.
Several research firms have weighed in on CB. UBS AG restated a “buy” rating and set a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $156.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Barclays PLC raised their target price on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $154.09.
In related news, insider Philip V. Bancroft sold 47,049 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the sale, the insider now owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the transaction, the insider now directly owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders sold 67,604 shares of company stock valued at $10,031,383 over the last quarter. Company insiders own 0.43% of the company’s stock.
D/B/A Chubb Limited New (CB) traded up 0.50% during trading on Friday, hitting $143.51. 2,307,678 shares of the company’s stock traded hands. The stock has a market cap of $66.79 billion, a P/E ratio of 12.62 and a beta of 0.92. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The company’s 50 day moving average is $144.78 and its 200-day moving average is $141.82.
D/B/A Chubb Limited New (NYSE:CB) last posted 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. The company 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 firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. On average, analysts predict that D/B/A Chubb Limited New will post $10.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.
D/B/A Chubb Limited New Profile
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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