Elefante Mark B increased its stake in D/B/A Chubb Limited New (NYSE:CB) by 12.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,950 shares of the financial services provider’s stock after buying an additional 435 shares during the period. D/B/A Chubb Limited New comprises approximately 4.7% of Elefante Mark B’s portfolio, making the stock its 5th largest position. Elefante Mark B’s holdings in D/B/A Chubb Limited New were worth $575,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new stake in D/B/A Chubb Limited New during the first quarter valued at about $101,000. Assetmark Inc. raised its stake in 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 buying an additional 27 shares during the period. Pinnacle Bank acquired a new stake in D/B/A Chubb Limited New during the first quarter valued at about $168,000. Norway Savings Bank raised its stake in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock valued at $180,000 after buying an additional 119 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in 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 buying an additional 523 shares during the period. 88.43% of the stock is currently owned by institutional investors and hedge funds.

D/B/A Chubb Limited New (CB) opened at 149.31 on Tuesday. The firm has a 50-day moving average of $145.87 and a 200-day moving average of $139.35. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $149.97. The stock has a market cap of $69.49 billion, a PE ratio of 13.13 and a beta of 0.91.

D/B/A Chubb Limited New (NYSE:CB) last released its earnings results 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 company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter last year, the business earned $2.25 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.

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

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CB has been the topic of several research reports. Morgan Stanley boosted their price target on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC boosted their price target on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 price target on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Finally, BidaskClub raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $154.09.

In other news, insider John W. Keogh sold 20,999 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $147.45, for a total transaction of $3,096,302.55. Following the sale, the insider now owns 234,103 shares in the company, valued at $34,518,487.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timothy Alan Boroughs sold 15,555 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the sale, the insider now owns 198,109 shares in the company, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,341 shares of company stock worth $26,563,775. 0.43% of the stock is 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.

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

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