NGAM Advisors L.P. Has $28.60 Million Position in D/B/A Chubb Limited New (NYSE:CB)

NGAM Advisors L.P. boosted its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,731 shares of the financial services provider’s stock after buying an additional 19,833 shares during the period. NGAM Advisors L.P.’s holdings in D/B/A Chubb Limited New were worth $28,601,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Murphy Capital Management Inc. raised its position in D/B/A Chubb Limited New by 4.2% in the first quarter. Murphy Capital Management Inc. now owns 1,855 shares of the financial services provider’s stock worth $252,000 after buying an additional 75 shares during the period. Bank of Montreal Can raised its position in D/B/A Chubb Limited New by 45.2% in the first quarter. Bank of Montreal Can now owns 520,438 shares of the financial services provider’s stock worth $70,910,000 after buying an additional 162,017 shares during the period. TNB Financial purchased a new position in D/B/A Chubb Limited New during the first quarter worth $2,345,000. Private Trust Co. NA raised its position in D/B/A Chubb Limited New by 1.1% in the first quarter. Private Trust Co. NA now owns 5,982 shares of the financial services provider’s stock worth $814,000 after buying an additional 66 shares during the period. Finally, BKD Wealth Advisors LLC raised its position in D/B/A Chubb Limited New by 7.5% in the first quarter. BKD Wealth Advisors LLC now owns 14,622 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 1,019 shares during the period. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 146.44 on Friday. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The company has a 50 day moving average of $146.35 and a 200 day moving average of $140.17. 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 for the quarter, beating 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 business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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Several equities research analysts have commented on CB shares. Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Royal Bank Of Canada boosted their target price 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. Keefe, Bruyette & Woods restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Morgan Stanley boosted their target price on shares of 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. Finally, BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.09.

In related news, insider Paul J. Krump sold 14,563 shares of the firm’s 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 completion of the transaction, the insider now owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the transaction, the chief executive officer now directly owns 1,351,207 shares of the company’s stock, valued at approximately $196,451,985.73. 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 ninety days. Company insiders own 0.43% of the company’s stock.

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

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