Northern Trust Corp reduced its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,216,199 shares of the financial services provider’s stock after selling 22,083 shares during the quarter. Northern Trust Corp owned about 1.12% of D/B/A Chubb Limited New worth $758,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in CB. Manchester Capital Management LLC purchased a new position in shares of D/B/A Chubb Limited New in the second quarter valued at $106,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of D/B/A Chubb Limited New in the first quarter valued at $101,000. Assetmark Inc. grew its holdings in shares of D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 27 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of D/B/A Chubb Limited New in the second quarter valued at $185,000. Finally, Independent Portfolio Consultants Inc. grew its holdings in shares of 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 valued at $197,000 after purchasing an additional 523 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
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In other news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $146.52, for a total value of $2,279,118.60. Following 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 90 days, insiders sold 67,604 shares of company stock valued at $10,031,383. 0.43% of the stock is owned by company insiders.
A number of research analysts recently weighed in on CB shares. Barclays PLC raised their target price on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $156.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 target price 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 assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $154.00.
Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.06% during mid-day trading on Wednesday, reaching $143.38. The company had a trading volume of 271,158 shares. The company has a market capitalization of $66.73 billion, a PE ratio of 12.60 and a beta of 0.92. The stock’s 50-day moving average price is $144.64 and its 200 day moving average price is $141.93. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28.
D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.25 EPS. Equities analysts expect that D/B/A Chubb Limited New will post $10.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.
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.
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