TNB Financial Purchases 496 Shares of D/B/A Chubb Limited New (NYSE:CB)

TNB Financial raised its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 17,704 shares of the financial services provider’s stock after buying an additional 496 shares during the period. TNB Financial’s holdings in D/B/A Chubb Limited New were worth $2,574,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. boosted its stake in D/B/A Chubb Limited New by 0.9% in the second quarter. Beese Fulmer Investment Management Inc. now owns 42,741 shares of the financial services provider’s stock worth $6,214,000 after buying an additional 361 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in D/B/A Chubb Limited New by 511.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 75,903 shares of the financial services provider’s stock worth $11,035,000 after buying an additional 63,493 shares in the last quarter. Buffington Mohr McNeal bought a new position in D/B/A Chubb Limited New during the second quarter worth approximately $302,000. Somerset Trust Co raised its position in D/B/A Chubb Limited New by 2.9% in the second quarter. Somerset Trust Co now owns 13,855 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 396 shares in the last quarter. Finally, Creative Planning raised its position in D/B/A Chubb Limited New by 5.1% in the second quarter. Creative Planning now owns 15,777 shares of the financial services provider’s stock worth $2,294,000 after buying an additional 760 shares in the last quarter. 88.43% of the stock is currently owned by institutional investors.

D/B/A Chubb Limited New (NYSE:CB) opened at 146.44 on Friday. The company has a 50-day moving average of $146.35 and a 200 day moving average of $140.17. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The company has a market cap of $68.16 billion, a P/E ratio of 12.87 and a beta of 0.91.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.06 billion. During the same period last year, the business earned $2.25 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders 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 yield of 1.94%. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.

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Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Citigroup Inc. raised their price objective on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. raised their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $154.09.

In other news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was 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 of the company’s stock, valued at $15,094,061.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Krump sold 14,563 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 worth $34,316,039 over the last quarter. Company 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.

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

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