Somerville Kurt F Acquires 963 Shares of D/B/A Chubb Limited New (CB)

Somerville Kurt F raised its holdings in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,765 shares of the financial services provider’s stock after buying an additional 963 shares during the period. D/B/A Chubb Limited New comprises 2.8% of Somerville Kurt F’s investment portfolio, making the stock its 14th largest position. Somerville Kurt F’s holdings in D/B/A Chubb Limited New were worth $13,792,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Puzo Michael J lifted its position in shares of D/B/A Chubb Limited New by 3.0% during the third quarter. Puzo Michael J now owns 35,630 shares of the financial services provider’s stock worth $5,080,000 after purchasing an additional 1,035 shares in the last quarter. Kidder Stephen W lifted its position in shares of D/B/A Chubb Limited New by 2.1% during the third quarter. Kidder Stephen W now owns 47,091 shares of the financial services provider’s stock worth $6,712,000 after purchasing an additional 970 shares in the last quarter. Dempze Nancy E lifted its position in shares of D/B/A Chubb Limited New by 5.7% during the third quarter. Dempze Nancy E now owns 12,479 shares of the financial services provider’s stock worth $1,779,000 after purchasing an additional 677 shares in the last quarter. Gardiner Nancy B lifted its position in shares of D/B/A Chubb Limited New by 10.8% during the third quarter. Gardiner Nancy B now owns 10,900 shares of the financial services provider’s stock worth $1,554,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of D/B/A Chubb Limited New by 5.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 330,311 shares of the financial services provider’s stock worth $47,090,000 after purchasing an additional 17,943 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction on 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 directly owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,723 shares of company stock valued at $10,287,046. 0.43% of the stock is owned by company insiders.

D/B/A Chubb Limited New (CB) traded down 0.27% during mid-day trading on Tuesday, reaching $152.47. 249,582 shares of the company’s stock traded hands. D/B/A Chubb Limited New has a 12 month low of $123.07 and a 12 month high of $156.00. The firm’s 50-day moving average price is $147.17 and its 200 day moving average price is $144.17. The stock has a market capitalization of $70.96 billion, a PE ratio of 13.40 and a beta of 0.92.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.11. The firm had revenue of $7.36 billion during the quarter, compared to analysts’ expectations of $7.14 billion. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. D/B/A Chubb Limited New’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.88 earnings per share. Equities research analysts predict that D/B/A Chubb Limited New will post $7.42 EPS for the current year.

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

A number of research firms have recently commented on CB. Keefe, Bruyette & Woods reissued a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a research report on Sunday. Citigroup Inc. boosted their target price on shares of D/B/A Chubb Limited New from $167.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday. UBS AG reissued a “buy” rating and set 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. ValuEngine cut shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research cut shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $155.73.

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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.

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

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