Riverhead Capital Management LLC Acquires 891 Shares of D/B/A Chubb Limited New (CB)

Riverhead Capital Management LLC lifted its holdings in shares of D/B/A Chubb Limited New (NYSE:CB) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,288 shares of the financial services provider’s stock after purchasing an additional 891 shares during the period. Riverhead Capital Management LLC’s holdings in D/B/A Chubb Limited New were worth $1,205,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Guardian Life Insurance Co. of America lifted its holdings in shares of D/B/A Chubb Limited New by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 12 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of D/B/A Chubb Limited New by 0.4% during the second quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 12 shares during the period. Keel Point LLC lifted its holdings in shares of D/B/A Chubb Limited New by 0.7% during the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 17 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of D/B/A Chubb Limited New by 0.5% during the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 19 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of D/B/A Chubb Limited New by 0.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,438 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 22 shares during the period. Institutional investors own 86.93% of the company’s stock.

In related news, 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 completion of the transaction, the insider now directly owns 344,560 shares in the company, valued at approximately $51,291,201.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the completion of the transaction, the insider now owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,604 shares of company stock valued at $10,031,383. Corporate insiders own 0.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 143.51 on Friday. The firm has a 50-day moving average of $144.78 and a 200 day moving average of $141.82. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28. The company has a market capitalization of $66.79 billion, a P/E ratio of 12.62 and a beta of 0.92.

D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. During the same period last year, the company posted $2.25 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that D/B/A Chubb Limited New will post $10.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.98%. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.

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CB has been the topic of a number of recent research reports. Barclays PLC lifted their price target on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 price target on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Morgan Stanley reiterated an “overweight” rating and set a $156.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $155.00 price target on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Finally, Zacks Investment Research lowered shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. D/B/A Chubb Limited New has an average rating of “Buy” and an average price target of $154.09.

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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