Neville Rodie & Shaw Inc. Cuts Stake in D/B/A Chubb Limited New (NYSE:CB)

Neville Rodie & Shaw Inc. decreased its position in D/B/A Chubb Limited New (NYSE:CB) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,037 shares of the financial services provider’s stock after selling 130 shares during the period. Neville Rodie & Shaw Inc.’s holdings in D/B/A Chubb Limited New were worth $3,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CB. BlackRock Inc. boosted its stake in shares of D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after buying an additional 27,931,997 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after buying an additional 1,863,310 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock worth $582,952,000 after buying an additional 867,114 shares in the last quarter. Karp Capital Management Corp boosted its stake in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock worth $57,022,000 after buying an additional 401,394 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock worth $248,277,000 after buying an additional 364,000 shares in the last quarter. 88.43% of the stock is owned by institutional investors.

Shares of D/B/A Chubb Limited New (CB) traded down 0.86% during trading on Friday, hitting $147.06. The company had a trading volume of 735,093 shares. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The firm has a market capitalization of $68.44 billion, a P/E ratio of 12.93 and a beta of 0.91. The stock’s 50-day moving average is $146.33 and its 200 day moving average is $140.07.

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 for the quarter, topping the consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts predict that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.91%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.

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CB has been the subject of a number of research reports. Morgan Stanley lifted their price target on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC lifted their price target 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. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada lifted their price objective on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $154.09.

In other news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction dated 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 sale, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul J. Krump sold 14,563 shares of the stock in a transaction dated Tuesday, May 30th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 234,390 shares of company stock valued at $34,316,039 in the last quarter. Insiders own 0.43% of the company’s stock.

D/B/A Chubb Limited New Company 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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Institutional Ownership by Quarter for D/B/A Chubb Limited New (NYSE:CB)

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