Linscomb & Williams Inc. Raises Position in D/B/A Chubb Limited New (CB)

Linscomb & Williams Inc. increased its holdings in D/B/A Chubb Limited New (NYSE:CB) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,201 shares of the financial services provider’s stock after acquiring an additional 675 shares during the quarter. Linscomb & Williams Inc.’s holdings in D/B/A Chubb Limited New were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Guardian Life Insurance Co. of America increased its stake in shares of D/B/A Chubb Limited New by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 12 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of D/B/A Chubb Limited New by 0.4% in the 2nd quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 12 shares in the last quarter. Keel Point LLC increased its stake in shares of D/B/A Chubb Limited New by 0.7% in the 1st quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 17 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of D/B/A Chubb Limited New by 0.5% in the 1st quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 19 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of D/B/A Chubb Limited New by 0.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,438 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

CB has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $155.00 price target on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 29th. Barclays PLC increased their price target on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Wells Fargo & Company restated a “buy” rating and set a $164.00 price objective on shares of D/B/A Chubb Limited New in a research note on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and set a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $156.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $155.73.

In other news, 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 owns 344,560 shares in the company, valued at $51,291,201.60. 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 company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $152.02, for a total transaction of $2,534,781.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,723 shares of company stock worth $10,287,046. Corporate insiders own 0.43% of the company’s stock.

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Shares of D/B/A Chubb Limited New (NYSE CB) traded down 0.6479% during mid-day trading on Tuesday, hitting $151.8994. 619,328 shares of the stock were exchanged. The stock’s 50 day moving average is $147.17 and its 200-day moving average is $144.17. D/B/A Chubb Limited New has a 12 month low of $123.08 and a 12 month high of $156.00. The stock has a market cap of $70.70 billion, a PE ratio of 13.3538 and a beta of 0.92.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The firm had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the company posted $2.88 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts anticipate that D/B/A Chubb Limited New will post $7.42 EPS for the current year.

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

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

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