D/B/A Chubb Limited New (CB) Position Reduced by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its holdings in shares of D/B/A Chubb Limited New (NYSE:CB) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,086 shares of the financial services provider’s stock after selling 14,935 shares during the quarter. Rafferty Asset Management LLC’s holdings in D/B/A Chubb Limited New were worth $10,044,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CB. Meiji Yasuda Asset Management Co Ltd. increased its position in D/B/A Chubb Limited New by 4.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after buying an additional 1,060 shares during the last quarter. Genesee Valley Trust Co. increased its position in D/B/A Chubb Limited New by 14.5% in the second quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 1,351 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in D/B/A Chubb Limited New by 4.3% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 98,762 shares of the financial services provider’s stock worth $13,456,000 after buying an additional 4,046 shares during the last quarter. Alpha Cubed Investments LLC increased its position in D/B/A Chubb Limited New by 14.0% in the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after buying an additional 11,166 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. purchased a new stake in D/B/A Chubb Limited New in the first quarter worth $536,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) traded up 0.22% on Monday, reaching $143.83. The company’s stock had a trading volume of 270,643 shares. The firm has a 50-day moving average of $144.78 and a 200-day moving average of $141.82. The company has a market capitalization of $66.94 billion, a PE ratio of 12.64 and a beta of 0.92. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28.

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

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

In other news, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the completion of the sale, the insider now owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Alan Boroughs sold 15,555 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the sale, the insider now directly owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders have sold 67,604 shares of company stock valued at $10,031,383 in the last ninety days. Insiders own 0.43% of the company’s stock.

Several equities analysts have recently weighed in on CB shares. Citigroup Inc. lifted their price target on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Raymond James Financial, Inc. lifted their price target on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, UBS AG restated a “buy” rating and set a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $154.09.

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D/B/A Chubb Limited New 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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