Saturna Capital CORP Takes Position in D/B/A Chubb Limited New (NYSE:CB)

Saturna Capital CORP acquired a new position in D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,095 shares of the financial services provider’s stock, valued at approximately $285,000.

A number of other institutional investors have also added to or reduced their stakes in CB. First American Bank boosted its stake in D/B/A Chubb Limited New by 5.5% in the first quarter. First American Bank now owns 41,106 shares of the financial services provider’s stock worth $5,600,000 after buying an additional 2,142 shares during the last quarter. Trust Co. of Oklahoma boosted its stake in D/B/A Chubb Limited New by 1.6% in the first quarter. Trust Co. of Oklahoma now owns 20,882 shares of the financial services provider’s stock worth $2,845,000 after buying an additional 336 shares during the last quarter. Creative Planning boosted its stake in D/B/A Chubb Limited New by 6.7% in the first quarter. Creative Planning now owns 15,017 shares of the financial services provider’s stock worth $2,046,000 after buying an additional 947 shares during the last quarter. Raymond James Trust N.A. boosted its stake in D/B/A Chubb Limited New by 0.9% in the first quarter. Raymond James Trust N.A. now owns 41,802 shares of the financial services provider’s stock worth $5,696,000 after buying an additional 379 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in D/B/A Chubb Limited New by 7.9% in the first quarter. Confluence Investment Management LLC now owns 675,131 shares of the financial services provider’s stock worth $91,987,000 after buying an additional 49,281 shares during the last quarter. 87.80% of the stock is owned by hedge funds and other institutional investors.

Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.35% during midday trading on Friday, hitting $145.44. The stock had a trading volume of 1,054,117 shares. The company has a market capitalization of $67.69 billion, a PE ratio of 12.79 and a beta of 0.91. The firm’s 50-day moving average is $146.62 and its 200 day moving average is $140.68. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28.

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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. Equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. D/B/A Chubb Limited New’s payout ratio is presently 24.98%.

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CB has been the topic of a number of recent analyst reports. Wells Fargo & Company restated 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 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. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Morgan Stanley boosted their price target 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 given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.09.

In other D/B/A Chubb Limited New news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $146.52, for a total value of $2,279,118.60. Following the completion of the transaction, the insider now directly owns 198,109 shares in the company, valued at $29,026,930.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul J. Krump sold 14,563 shares of the firm’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 value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 234,390 shares of company stock valued at $34,316,039. 0.43% of the stock is 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.

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

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