D.A. Davidson & CO. boosted its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,400 shares of the company’s stock after buying an additional 15,661 shares during the period. D/B/A Chubb Limited New makes up approximately 0.8% of D.A. Davidson & CO.’s holdings, making the stock its 20th largest position. D.A. Davidson & CO.’s holdings in D/B/A Chubb Limited New were worth $31,581,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CB. Girard Partners LTD. raised its stake in D/B/A Chubb Limited New by 6.3% in the third quarter. Girard Partners LTD. now owns 3,326 shares of the company’s stock valued at $418,000 after buying an additional 197 shares during the period. Coconut Grove Bank raised its stake in D/B/A Chubb Limited New by 45.8% in the third quarter. Coconut Grove Bank now owns 1,910 shares of the company’s stock valued at $240,000 after buying an additional 600 shares during the period. Everence Capital Management Inc. raised its stake in D/B/A Chubb Limited New by 52.3% in the second quarter. Everence Capital Management Inc. now owns 14,407 shares of the company’s stock valued at $1,883,000 after buying an additional 4,950 shares during the period. Delta Capital Management LLC raised its stake in D/B/A Chubb Limited New by 148.5% in the second quarter. Delta Capital Management LLC now owns 23,596 shares of the company’s stock valued at $3,084,000 after buying an additional 14,102 shares during the period. Finally, Boston Private Wealth LLC raised its stake in D/B/A Chubb Limited New by 0.8% in the second quarter. Boston Private Wealth LLC now owns 198,881 shares of the company’s stock valued at $25,995,000 after buying an additional 1,600 shares during the period. 86.59% of the stock is currently owned by institutional investors and hedge funds.
D/B/A Chubb Limited New (NYSE:CB) opened at 133.81 on Tuesday. The stock has a market cap of $62.35 billion, a P/E ratio of 15.09 and a beta of 0.86. D/B/A Chubb Limited New has a 12 month low of $111.70 and a 12 month high of $133.96. The company’s 50-day moving average price is $131.50 and its 200-day moving average price is $127.85.
D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, January 31st. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.42 by $0.30. D/B/A Chubb Limited New had a net margin of 12.99% and a return on equity of 9.94%. The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the company posted $2.38 earnings per share. D/B/A Chubb Limited New’s revenue was up 91.2% on a year-over-year basis. Equities analysts forecast that D/B/A Chubb Limited New will post $10.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, December 30th were issued a $0.69 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $2.76 dividend on an annualized basis and a yield of 2.06%. D/B/A Chubb Limited New’s dividend payout ratio is currently 31.33%.
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A number of brokerages have issued reports on CB. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Tuesday, November 22nd. William Blair downgraded D/B/A Chubb Limited New from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. JMP Securities increased their price target on D/B/A Chubb Limited New from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Citigroup Inc. began coverage on D/B/A Chubb Limited New in a research report on Tuesday, November 22nd. They set a “buy” rating and a $147.00 price target on the stock. Finally, Barclays PLC reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $136.08.
In other D/B/A Chubb Limited New news, EVP Sean Ringsted sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now owns 150,192 shares of the company’s stock, valued at $18,999,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 132,219 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $132.97, for a total transaction of $17,581,160.43. Following the completion of the transaction, the chief executive officer now directly owns 1,487,338 shares in the company, valued at approximately $197,771,333.86. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.
About D/B/A Chubb Limited New
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial 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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