Bowling Portfolio Management LLC Decreases Stake in D/B/A Chubb Limited New (NYSE:CB)

Bowling Portfolio Management LLC reduced its stake in D/B/A Chubb Limited New (NYSE:CB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,826 shares of the financial services provider’s stock after selling 52 shares during the period. Bowling Portfolio Management LLC’s holdings in D/B/A Chubb Limited New were worth $3,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. BlackRock Inc. raised its position in shares of D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock valued at $3,938,050,000 after buying an additional 27,931,997 shares during the period. Vanguard Group Inc. raised its position in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock valued at $4,698,178,000 after buying an additional 1,863,310 shares during the period. American Century Companies Inc. raised its position in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock valued at $582,952,000 after buying an additional 867,114 shares during the period. Karp Capital Management Corp raised its position in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock valued at $57,022,000 after buying an additional 401,394 shares during the period. Finally, Swiss National Bank raised its position in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock valued at $248,277,000 after buying an additional 364,000 shares during the period. Institutional investors own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 146.44 on Friday. The firm’s 50-day moving average is $146.35 and its 200 day moving average is $140.17. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The stock has a market capitalization of $68.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.91.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 business 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 business’s revenue was down .8% on a year-over-year basis. Equities analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.94%. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.

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CB has been the subject of several research reports. Morgan Stanley upped their target price on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC upped their target price on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada upped their target price on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. D/B/A Chubb Limited New currently has an average rating of “Buy” and an average price target of $154.09.

In other D/B/A Chubb Limited New news, CEO Evan G. Greenberg sold 69,175 shares of D/B/A Chubb Limited New stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total value of $10,011,697.75. Following the completion of the transaction, the chief executive officer now directly owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the completion of the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The disclosure for this sale can be found here. Insiders sold a total of 234,390 shares of company stock valued at $34,316,039 over the last three months. Corporate insiders own 0.43% of the company’s stock.

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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