RMB Capital Management LLC Acquires New Position in D/B/A Chubb Limited New (CB)

RMB Capital Management LLC acquired a new stake in shares of D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,568 shares of the financial services provider’s stock, valued at approximately $622,000.

A number of other institutional investors also recently bought and sold shares of CB. Assetmark Inc. boosted its stake in shares of 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 period. Pinnacle Bank acquired a new stake in shares of D/B/A Chubb Limited New during the first quarter worth approximately $168,000. Integrated Investment Consultants LLC boosted its stake in shares of 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 period. Norway Savings Bank boosted its stake in shares of 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 period. Finally, SRS Capital Advisors Inc. boosted its stake in shares of D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after buying an additional 254 shares during the period. 87.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.35% during midday trading on Friday, hitting $145.44. 1,054,117 shares of the company’s stock were exchanged. The stock’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 one year low of $121.48 and a one year high of $150.28. The firm has a market cap 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 data on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter in the prior year, the company posted $2.25 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The business also recently disclosed 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. This represents a $2.84 dividend on an annualized basis 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 currently 24.98%.

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A number of equities research analysts have recently commented on the stock. 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. UBS AG reiterated a “buy” rating and issued a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated a “buy” rating and issued a $165.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Citigroup Inc. increased 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. 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. D/B/A Chubb Limited New has a consensus rating of “Buy” and a consensus price target of $154.09.

In other news, insider Paul J. Krump sold 14,563 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Philip V. Bancroft sold 47,049 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 234,390 shares of company stock valued at $34,316,039. Corporate 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.

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

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