American Century Companies Inc. Purchases 225,475 Shares of D/B/A Chubb Limited New (CB)

American Century Companies Inc. grew its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,963,751 shares of the financial services provider’s stock after purchasing an additional 225,475 shares during the quarter. D/B/A Chubb Limited New makes up 0.6% of American Century Companies Inc.’s holdings, making the stock its 28th biggest holding. American Century Companies Inc. owned approximately 0.85% of D/B/A Chubb Limited New worth $565,033,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of D/B/A Chubb Limited New by 4.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock valued at $3,600,000 after purchasing an additional 1,060 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of D/B/A Chubb Limited New by 14.5% during the second quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 1,351 shares in the last quarter. Swiss National Bank boosted its stake in shares of D/B/A Chubb Limited New by 3.0% during the second quarter. Swiss National Bank now owns 1,876,720 shares of the financial services provider’s stock valued at $272,838,000 after purchasing an additional 54,500 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of D/B/A Chubb Limited New by 14.0% during the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock valued at $13,253,000 after purchasing an additional 11,166 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of D/B/A Chubb Limited New by 1.9% during the first quarter. Fifth Third Bancorp now owns 284,381 shares of the financial services provider’s stock valued at $38,747,000 after purchasing an additional 5,245 shares in the last quarter. 87.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of D/B/A Chubb Limited New (NYSE CB) traded up $0.85 during mid-day trading on Monday, reaching $149.12. The company’s stock had a trading volume of 548,995 shares, compared to its average volume of 1,487,978. The company has a market capitalization of $68,830.20, a P/E ratio of 19.59, a P/E/G ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30. 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 quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.11. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates 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%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.88 EPS. research analysts predict that D/B/A Chubb Limited New will post 7.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders 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 dividend yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 34.05%.

In other news, insider John J. Lupica sold 16,674 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $152.02, for a total transaction of $2,534,781.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the stock in a transaction dated 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 owns 344,560 shares in the company, valued at $51,291,201.60. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on CB. Keefe, Bruyette & Woods reaffirmed 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, October 29th. Citigroup Inc. lifted 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 cut their price objective on D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New has an average rating of “Buy” and an average target price of $156.55.

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About D/B/A Chubb Limited New

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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