Bristlecone Advisors LLC reduced its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 14,314 shares of the financial services provider’s stock after selling 86 shares during the period. Bristlecone Advisors LLC’s holdings in D/B/A Chubb Limited New were worth $2,081,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in 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 worth $3,938,050,000 after buying an additional 27,931,997 shares during the period. Vanguard Group Inc. raised its stake in 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 worth $4,698,178,000 after buying an additional 1,863,310 shares during the period. American Century Companies Inc. raised its stake in 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 worth $582,952,000 after buying an additional 867,114 shares during the period. Karp Capital Management Corp raised its stake in 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 worth $57,022,000 after buying an additional 401,394 shares during the period. Finally, Swiss National Bank raised its stake in 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 worth $248,277,000 after buying an additional 364,000 shares during the period. Hedge funds and other institutional investors own 88.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) opened at 149.29 on Thursday. The firm has a market capitalization of $69.48 billion, a P/E ratio of 13.12 and a beta of 0.91. The company’s 50-day moving average price is $146.28 and its 200-day moving average price is $140.01. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share 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 during the quarter, compared to analyst estimates of $7.06 billion. During the same period in the previous year, the business earned $2.25 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

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

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A number of research analysts have recently issued reports on CB shares. Morgan Stanley boosted their price objective on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Barclays PLC boosted their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Keefe, Bruyette & Woods reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Thursday, April 27th. Finally, Royal Bank Of Canada boosted their price objective on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. One 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 company. The company presently has a consensus rating of “Buy” and a consensus price target of $154.09.

In related news, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 78,863 shares in the company, valued at approximately $11,185,927.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 69,175 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the completion of the transaction, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,341 shares of company stock valued at $27,312,325. 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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