Benjamin F. Edwards & Company Inc. raised its stake in D/B/A Chubb Limited New (NYSE:CB) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,438 shares of the financial services provider’s stock after buying an additional 22 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in D/B/A Chubb Limited New were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CB. Berkshire Asset Management LLC PA boosted its stake in D/B/A Chubb Limited New by 9.8% in the first quarter. Berkshire Asset Management LLC PA now owns 81,344 shares of the financial services provider’s stock valued at $11,083,000 after buying an additional 7,229 shares in the last quarter. Integrated Wealth Management boosted its stake in D/B/A Chubb Limited New by 5.3% in the first quarter. Integrated Wealth Management now owns 2,497 shares of the financial services provider’s stock valued at $340,000 after buying an additional 125 shares in the last quarter. Torch Wealth Management LLC boosted its stake in D/B/A Chubb Limited New by 0.9% in the first quarter. Torch Wealth Management LLC now owns 14,620 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 135 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in D/B/A Chubb Limited New by 6.7% in the first quarter. Mycio Wealth Partners LLC now owns 948,275 shares of the financial services provider’s stock valued at $129,202,000 after buying an additional 59,485 shares in the last quarter. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in D/B/A Chubb Limited New during the first quarter valued at about $536,000. Hedge funds and other institutional investors own 88.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) opened at 148.33 on Friday. The stock has a market cap of $69.04 billion, a PE ratio of 13.04 and a beta of 0.91. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28. The firm’s 50-day moving average price is $146.33 and its 200 day moving average price is $140.07.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping 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 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. D/B/A Chubb Limited New’s quarterly revenue was down .8% on a year-over-year basis. Analysts anticipate that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.91%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 24.98%.

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Several analysts recently issued reports on CB shares. Royal Bank Of Canada increased their target price on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Citigroup Inc. increased their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Raymond James Financial, Inc. increased their target price on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $154.09.

In other D/B/A Chubb Limited New news, 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 sale, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the sale, the insider now owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The disclosure for this sale can be found here. Over the last quarter, insiders have 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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