E&G Advisors LP Boosts Position in D/B/A Chubb Limited New (CB)

E&G Advisors LP boosted its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 25.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,010 shares of the financial services provider’s stock after buying an additional 610 shares during the period. E&G Advisors LP’s holdings in D/B/A Chubb Limited New were worth $438,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new position in D/B/A Chubb Limited New during the first quarter worth about $101,000. Assetmark Inc. increased its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the last quarter. Pinnacle Bank bought a new position in D/B/A Chubb Limited New during the first quarter worth about $168,000. Integrated Investment Consultants LLC increased its position in D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock worth $176,000 after buying an additional 43 shares during the last quarter. Finally, Norway Savings Bank increased its position in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the last quarter. 87.80% of the stock is currently owned by institutional investors.

Shares of D/B/A Chubb Limited New (NYSE CB) traded down 0.35% during mid-day trading on Friday, hitting $145.44. 1,054,117 shares of the stock traded hands. The company’s 50-day moving average price is $146.62 and its 200 day moving average price is $140.68. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year 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.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. The firm 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 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. Equities research analysts forecast that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.

The business also recently declared 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 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

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A number of research analysts recently issued reports on the stock. Citigroup Inc. boosted their target price on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. boosted their target price on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, UBS AG reiterated a “buy” rating and set a $161.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. D/B/A Chubb Limited New currently has an average rating of “Buy” and a consensus price target of $154.09.

In other news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the transaction, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 69,175 shares of D/B/A Chubb Limited New stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total value of $10,011,697.75. Following the completion of the transaction, the chief executive officer now directly owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 234,390 shares of company stock valued at $34,316,039. 0.43% of the stock is owned by 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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