E&G Advisors LP increased its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 25.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,010 shares of the financial services provider’s stock after buying an additional 610 shares during the period. E&G Advisors LP’s holdings in D/B/A Chubb Limited New were worth $438,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd acquired a new position in shares of 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 approximately $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. Institutional investors and hedge funds own 88.43% of the company’s stock.
Shares of D/B/A Chubb Limited New (NYSE CB) traded down 1.27% during midday trading on Friday, reaching $146.44. 2,126,617 shares of the company were exchanged. 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 price is $146.33 and its 200 day moving average price is $140.07. The stock has a market capitalization of $68.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.91.
D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business 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 quarter last year, the company posted $2.25 EPS. On average, equities analysts predict that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 24.98%.
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Several equities research analysts have commented on CB shares. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Royal Bank Of Canada boosted their target price on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Morgan Stanley upped 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. Finally, BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One 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 stock. The company has a consensus rating of “Buy” and an average price target of $154.09.
In other D/B/A Chubb Limited New news, 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 transaction of $2,065,615.92. Following the sale, the insider now owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 sale, the insider now directly owns 198,109 shares in the company, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders have sold a total of 234,390 shares of company stock valued at $34,316,039 in the last quarter. 0.43% of the stock is currently owned by corporate 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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