First Republic Investment Management Inc. reduced its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 4.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 629,682 shares of the financial services provider’s stock after selling 27,211 shares during the period. First Republic Investment Management Inc. owned about 0.14% of D/B/A Chubb Limited New worth $89,761,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of CB. WCM Investment Management CA increased its holdings in D/B/A Chubb Limited New by 105.1% during the 3rd quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock worth $1,587,644,000 after purchasing an additional 5,707,734 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of D/B/A Chubb Limited New by 226.6% in the second quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock valued at $314,207,000 after acquiring an additional 1,499,554 shares in the last quarter. Sound Shore Management Inc. CT bought a new position in shares of D/B/A Chubb Limited New in the third quarter valued at approximately $138,481,000. Vanguard Group Inc. grew its holdings in shares of D/B/A Chubb Limited New by 2.4% in the second quarter. Vanguard Group Inc. now owns 35,320,686 shares of the financial services provider’s stock valued at $5,134,923,000 after acquiring an additional 838,652 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of D/B/A Chubb Limited New by 1,149.7% in the second quarter. Janus Henderson Group PLC now owns 774,960 shares of the financial services provider’s stock valued at $112,664,000 after acquiring an additional 712,950 shares in the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group assumed coverage on D/B/A Chubb Limited New in a report on Monday. They issued a “buy” rating and a $167.00 target price for the company. Wells Fargo & Company set a $169.00 target price on D/B/A Chubb Limited New and gave the company a “buy” rating in a report on Wednesday, November 29th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, September 28th. UBS reduced their target price on D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. Finally, ValuEngine lowered D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. D/B/A Chubb Limited New currently has a consensus rating of “Buy” and an average price target of $160.09.
D/B/A Chubb Limited New (CB) opened at $150.87 on Thursday. D/B/A Chubb Limited New has a 12 month low of $127.15 and a 12 month high of $156.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $69,716.86, a P/E ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.96.
D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. The firm had revenue of $7.36 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the business posted $2.88 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts expect that D/B/A Chubb Limited New will post 7.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.88%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 34.05%.
In related news, insider Timothy Alan Boroughs sold 18,611 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the sale, the insider now owns 201,165 shares in the company, valued at $30,420,171.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Bennett Medini sold 5,180 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $150.48, for a total value of $779,486.40. Following the completion of the sale, the insider now owns 91,775 shares in the company, valued at approximately $13,810,302. The disclosure for this sale can be found here. Insiders sold 69,195 shares of company stock worth $10,478,345 in the last quarter. 0.43% of the stock is currently owned by company insiders.
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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.
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