Seaward Management Limited Partnership cut its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 67,472 shares of the financial services provider’s stock after selling 2,944 shares during the period. Seaward Management Limited Partnership’s holdings in D/B/A Chubb Limited New were worth $9,193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Creative Planning boosted its stake in shares of D/B/A Chubb Limited New by 6.7% in the first quarter. Creative Planning now owns 15,017 shares of the financial services provider’s stock worth $2,046,000 after buying an additional 947 shares during the period. First American Bank boosted its stake in shares of D/B/A Chubb Limited New by 5.5% in the first quarter. First American Bank now owns 41,106 shares of the financial services provider’s stock worth $5,600,000 after buying an additional 2,142 shares during the period. Pennsylvania Trust Co boosted its stake in shares of D/B/A Chubb Limited New by 56.8% in the first quarter. Pennsylvania Trust Co now owns 16,415 shares of the financial services provider’s stock worth $2,237,000 after buying an additional 5,947 shares during the period. Legacy Private Trust Co. boosted its stake in shares of D/B/A Chubb Limited New by 5.5% in the first quarter. Legacy Private Trust Co. now owns 54,702 shares of the financial services provider’s stock worth $7,453,000 after buying an additional 2,850 shares during the period. Finally, Murphy Capital Management Inc. boosted its stake in shares of D/B/A Chubb Limited New by 4.2% in the first quarter. Murphy Capital Management Inc. now owns 1,855 shares of the financial services provider’s stock worth $252,000 after buying an additional 75 shares during the period. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

D/B/A Chubb Limited New (NYSE:CB) traded down 0.05% during mid-day trading on Tuesday, reaching $149.23. 168,369 shares of the company’s stock were exchanged. The stock has a market cap of $69.45 billion, a P/E ratio of 13.12 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $149.50. The stock has a 50-day moving average price of $145.87 and a 200-day moving average price of $139.35.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter in the previous year, the business posted $2.25 EPS. D/B/A Chubb Limited New’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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Several research firms have recently commented on CB. UBS AG restated a “buy” rating and set a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research lowered shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Morgan Stanley restated an “overweight” rating and set a $156.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Barclays PLC upped their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. D/B/A Chubb Limited New has an average rating of “Buy” and an average price target of $154.09.

In other news, CEO Evan G. Greenberg sold 13,804 shares of D/B/A Chubb Limited New stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the transaction, the chief executive officer now owns 1,351,207 shares in the company, valued at approximately $196,451,985.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul J. Krump sold 14,563 shares of D/B/A Chubb Limited New stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total value of $2,065,615.92. Following the transaction, the insider now owns 78,863 shares in the company, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Insiders have sold a total of 182,341 shares of company stock worth $26,563,775 in the last quarter. 0.43% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for D/B/A Chubb Limited New (NYSE:CB)

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