Parametrica Management Ltd Purchases New Stake in D/B/A Chubb Limited New (CB)

Parametrica Management Ltd purchased a new position in shares of D/B/A Chubb Limited New (NYSE:CB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,711 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other large investors have also added to or reduced their stakes in CB. BlackRock Inc. grew its stake in D/B/A Chubb Limited New by 2,876.2% during the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after buying an additional 27,931,997 shares in the last quarter. Vanguard Group Inc. grew its stake in D/B/A Chubb Limited New by 5.7% during the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after buying an additional 1,863,310 shares in the last quarter. Principal Financial Group Inc. grew its stake in D/B/A Chubb Limited New by 226.6% during the second quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock worth $314,207,000 after buying an additional 1,499,554 shares in the last quarter. Janus Henderson Group PLC grew its stake in D/B/A Chubb Limited New by 1,149.7% during the second quarter. Janus Henderson Group PLC now owns 774,960 shares of the financial services provider’s stock worth $112,664,000 after buying an additional 712,950 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in D/B/A Chubb Limited New by 23.0% during the second quarter. Renaissance Technologies LLC now owns 2,404,461 shares of the financial services provider’s stock worth $349,561,000 after buying an additional 449,500 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

In other D/B/A Chubb Limited New news, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was 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 of the company’s stock, valued at approximately $51,291,201.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,723 shares of company stock worth $10,287,046. 0.43% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods restated 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. Wells Fargo & Company restated a “buy” rating and issued a $164.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, September 28th. Citigroup Inc raised their price target on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. raised their price target on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. D/B/A Chubb Limited New has a consensus rating of “Buy” and a consensus target price of $156.55.

Shares of D/B/A Chubb Limited New (CB) opened at $148.27 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $69.29 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.01 and a beta of 0.96.

D/B/A Chubb Limited New (NYSE:CB) last posted 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. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The business had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period last year, the company earned $2.88 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. equities research analysts expect that D/B/A Chubb Limited New will post 7.44 EPS for the current year.

The firm also recently announced 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. The ex-dividend date was Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 1.92%. D/B/A Chubb Limited New’s dividend payout ratio is presently 34.05%.

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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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