D/B/A Chubb Limited New (CB) Shares Bought by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC boosted its holdings in D/B/A Chubb Limited New (NYSE:CB) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,560 shares of the financial services provider’s stock after purchasing an additional 1,365 shares during the quarter. D/B/A Chubb Limited New comprises 2.1% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 16th largest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in D/B/A Chubb Limited New were worth $4,784,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in D/B/A Chubb Limited New by 2.4% in the second quarter. Vanguard Group Inc. now owns 35,320,686 shares of the financial services provider’s stock worth $5,134,923,000 after purchasing an additional 838,652 shares in the last quarter. BlackRock Inc. increased its holdings in D/B/A Chubb Limited New by 1.4% in the second quarter. BlackRock Inc. now owns 29,312,701 shares of the financial services provider’s stock worth $4,261,481,000 after purchasing an additional 409,574 shares in the last quarter. FMR LLC increased its holdings in D/B/A Chubb Limited New by 1.0% in the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock worth $3,972,471,000 after purchasing an additional 294,867 shares in the last quarter. State Street Corp increased its holdings in D/B/A Chubb Limited New by 1.0% in the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock worth $3,011,419,000 after purchasing an additional 212,643 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in D/B/A Chubb Limited New by 1.5% in the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock worth $1,334,559,000 after purchasing an additional 145,358 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

A number of equities research analysts have weighed in on CB shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Morgan Stanley restated an “overweight” rating and set a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Zacks Investment Research downgraded D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Raymond James Financial, Inc. boosted their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $155.73.

In related news, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total transaction of $2,534,781.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value 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 68,723 shares of company stock valued at $10,287,046. 0.43% of the stock is owned by corporate insiders.

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Shares of D/B/A Chubb Limited New (NYSE CB) traded up 0.63% during midday trading on Wednesday, reaching $151.77. The company had a trading volume of 581,461 shares. D/B/A Chubb Limited New has a one year low of $123.07 and a one year high of $156.00. The company has a 50-day moving average price of $147.31 and a 200 day moving average price of $144.21. The company has a market capitalization of $70.64 billion, a P/E ratio of 13.34 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 for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. The company had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the company earned $2.88 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that D/B/A Chubb Limited New will post $7.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 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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