Columbia Partners L L C Investment Management Has $385,000 Position in D/B/A Chubb Limited New (NYSE:CB)

Columbia Partners L L C Investment Management cut its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 52.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,832 shares of the financial services provider’s stock after selling 3,134 shares during the period. Columbia Partners L L C Investment Management’s holdings in D/B/A Chubb Limited New were worth $385,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at approximately $4,495,000. Piedmont Investment Advisors LLC boosted its stake in shares of D/B/A Chubb Limited New by 1.1% in the first quarter. Piedmont Investment Advisors LLC now owns 131,040 shares of the financial services provider’s stock valued at $17,854,000 after buying an additional 1,435 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of D/B/A Chubb Limited New by 0.8% in the first quarter. Ballentine Partners LLC now owns 5,456 shares of the financial services provider’s stock valued at $747,000 after buying an additional 44 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of D/B/A Chubb Limited New by 4.1% in the first quarter. Jacobi Capital Management LLC now owns 1,526 shares of the financial services provider’s stock valued at $209,000 after buying an additional 60 shares during the last quarter. Finally, Pointe Capital Management LLC purchased a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at approximately $684,000. Institutional investors own 87.80% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 145.44 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 market capitalization of $67.69 billion, a PE ratio of 12.79 and a beta of 0.91. The stock has a 50 day moving average price of $146.62 and a 200 day moving average price of $140.68.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping 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 company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same period in the previous year, the company posted $2.25 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.95%. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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Several brokerages recently commented on CB. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG reissued a “buy” rating and issued a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Citigroup Inc. boosted their price target on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. One research 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. D/B/A Chubb Limited New has an average rating of “Buy” and a consensus price target of $154.09.

In other news, CEO Evan G. Greenberg sold 69,175 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The transaction 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 business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the transaction, 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 a total of 234,390 shares of company stock valued at $34,316,039 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

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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