Doyle Wealth Management Has $7.14 Million Holdings in D/B/A Chubb Limited New (CB)

Doyle Wealth Management raised its stake in D/B/A Chubb Limited New (NYSE:CB) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,065 shares of the financial services provider’s stock after purchasing an additional 2,133 shares during the quarter. Doyle Wealth Management’s holdings in D/B/A Chubb Limited New were worth $7,137,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of D/B/A Chubb Limited New in the 1st quarter valued at approximately $101,000. Manchester Capital Management LLC purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at approximately $106,000. Atlantic Trust LLC purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at approximately $116,000. SRS Capital Advisors Inc. grew its stake in shares of D/B/A Chubb Limited New by 22.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 254 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at approximately $185,000. Institutional investors own 86.72% of the company’s stock.

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In other news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the completion of the sale, the insider now directly owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,278 shares of company stock valued at $12,566,164. 0.43% of the stock is currently owned by corporate insiders.

D/B/A Chubb Limited New (NYSE:CB) traded down 1.29% during mid-day trading on Friday, reaching $152.75. The company’s stock had a trading volume of 2,419,552 shares. The firm’s 50 day moving average price is $146.84 and its 200 day moving average price is $143.96. The firm has a market capitalization of $71.09 billion, a P/E ratio of 13.43 and a beta of 0.92. D/B/A Chubb Limited New has a 52 week low of $123.08 and a 52 week high of $156.00.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. The firm had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.14 billion. D/B/A Chubb Limited New had a return on equity of 7.26% and a net margin of 12.15%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.88 EPS. On average, analysts anticipate that D/B/A Chubb Limited New will post $7.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 29th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is currently 34.05%.

Several brokerages have weighed in on CB. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a research note on Sunday. ValuEngine downgraded D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Wells Fargo & Company reiterated a “buy” rating and issued a $164.00 target price on shares of D/B/A Chubb Limited New in a research note on Thursday, September 28th. Finally, UBS AG lowered their target price on D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $155.45.

D/B/A Chubb Limited New 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.

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

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