Cypress Asset Management Inc. TX Reduces Position in D/B/A Chubb Limited New (CB)

Cypress Asset Management Inc. TX cut its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,103 shares of the financial services provider’s stock after selling 5,954 shares during the period. D/B/A Chubb Limited New makes up about 1.8% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 12th biggest holding. Cypress Asset Management Inc. TX’s holdings in D/B/A Chubb Limited New were worth $8,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CB. Manchester Capital Management LLC purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth approximately $106,000. Point72 Asia Hong Kong Ltd bought a new position in D/B/A Chubb Limited New in the first quarter worth approximately $101,000. Atlantic Trust LLC bought a new position in D/B/A Chubb Limited New in the second quarter worth approximately $116,000. Shine Investment Advisory Services Inc. bought a new position in D/B/A Chubb Limited New in the second quarter worth approximately $185,000. Finally, Independent Portfolio Consultants Inc. grew its stake in D/B/A Chubb Limited New by 63.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 523 shares in the last quarter. 84.82% of the stock is owned by institutional investors.

Shares of D/B/A Chubb Limited New (NYSE CB) traded down $0.23 during midday trading on Monday, reaching $148.63. 966,600 shares of the company were exchanged, compared to its average volume of 1,413,914. D/B/A Chubb Limited New has a 1 year low of $125.00 and a 1 year high of $156.00. The firm has a market capitalization of $69,000.00, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.01 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 (NYSE:CB) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $7.14 billion. During the same quarter last year, the business earned $2.88 earnings per share. D/B/A Chubb Limited New’s revenue was up 4.6% compared to the same quarter last year. analysts anticipate that D/B/A Chubb Limited New will post 7.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be issued a $0.71 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.91%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 34.05%.

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Several brokerages have issued reports on CB. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Raymond James Financial, Inc. raised their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Finally, Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. D/B/A Chubb Limited New presently has an average rating of “Buy” and a consensus price target of $158.90.

In related news, EVP Sean Ringsted sold 28,730 shares of D/B/A Chubb Limited New stock in a transaction on Friday, November 10th. The shares were sold at an average price of $151.40, for a total transaction of $4,349,722.00. Following the sale, the executive vice president now owns 171,667 shares of the company’s stock, valued at approximately $25,990,383.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 16,674 shares of D/B/A Chubb Limited New stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 50,584 shares of company stock worth $7,663,990. 0.43% of the stock is owned by company insiders.

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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