4,568 Shares in D/B/A Chubb Limited New (CB) Acquired by RMB Capital Management LLC

RMB Capital Management LLC bought a new position in shares of D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,568 shares of the financial services provider’s stock, valued at approximately $622,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its position in D/B/A Chubb Limited New by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 2,795 shares of the financial services provider’s stock worth $381,000 after buying an additional 12 shares during the period. Guardian Life Insurance Co. of America increased its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock worth $245,000 after buying an additional 12 shares during the period. Mackenzie Financial Corp increased its position in D/B/A Chubb Limited New by 0.5% in the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after buying an additional 19 shares during the period. Rehmann Capital Advisory Group increased its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,114 shares of the financial services provider’s stock valued at $288,000 after buying an additional 20 shares during the last quarter. Finally, Athena Capital Advisors LLC increased its stake in D/B/A Chubb Limited New by 0.5% in the first quarter. Athena Capital Advisors LLC now owns 4,770 shares of the financial services provider’s stock valued at $650,000 after buying an additional 25 shares during the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.

Shares of D/B/A Chubb Limited New (CB) opened at 146.44 on Friday. The stock has a market cap of $68.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.91. 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 50-day moving average price of $146.35 and a 200-day moving average price of $140.17.

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, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates 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 company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The company also recently disclosed 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 1.94%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

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Several analysts recently weighed in 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 increased their price target on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Morgan Stanley increased their price target 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 raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. 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 presently has an average rating of “Buy” and a consensus price target of $154.09.

In other D/B/A Chubb Limited New news, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 78,863 shares in the company, valued at $11,185,927.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 69,175 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The disclosure for this sale can be found here. In the last three months, insiders sold 234,390 shares of company stock valued at $34,316,039. 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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