Kidder Stephen W increased its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,091 shares of the financial services provider’s stock after buying an additional 970 shares during the quarter. D/B/A Chubb Limited New comprises about 2.5% of Kidder Stephen W’s portfolio, making the stock its 17th biggest position. Kidder Stephen W’s holdings in D/B/A Chubb Limited New were worth $6,712,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of D/B/A Chubb Limited New in the first quarter worth approximately $101,000. Manchester Capital Management LLC purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth approximately $106,000. Atlantic Trust LLC purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth approximately $116,000. SRS Capital Advisors Inc. raised 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 purchasing an additional 254 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth approximately $185,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on CB. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Sunday. Citigroup Inc. increased their price objective on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. UBS AG lowered their price objective on D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, September 19th. 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. Finally, Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $155.45.
D/B/A Chubb Limited New (CB) traded up 0.31% during trading on Monday, hitting $153.22. The stock had a trading volume of 619,293 shares. The stock’s 50-day moving average price is $146.84 and its 200-day moving average price is $143.96. The company has a market capitalization of $71.31 billion, a P/E ratio of 13.47 and a beta of 0.92. D/B/A Chubb Limited New has a 1-year low of $123.07 and a 1-year high of $156.00.
D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. The business 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 net margin of 12.15% and a return on equity of 7.22%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. Analysts expect that D/B/A Chubb Limited New will post $7.37 earnings per share for the current year.
The business also recently announced 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. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.86%. D/B/A Chubb Limited New’s dividend payout ratio is presently 34.05%.
In other news, insider John J. Lupica sold 16,674 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total transaction of $2,534,781.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the sale, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,723 shares of company stock valued at $10,287,046. Company insiders own 0.43% of the company’s stock.
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.
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