Capstone Asset Management Co. reduced its position in D/B/A Chubb Limited New (NYSE:CB) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 51,156 shares of the financial services provider’s stock after selling 1,439 shares during the period. Capstone Asset Management Co.’s holdings in D/B/A Chubb Limited New were worth $7,437,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First American Bank raised its stake in shares of D/B/A Chubb Limited New by 1.7% in the second quarter. First American Bank now owns 41,789 shares of the financial services provider’s stock worth $6,075,000 after buying an additional 683 shares in the last quarter. Capital One National Association raised its stake in shares of D/B/A Chubb Limited New by 9.4% in the second quarter. Capital One National Association now owns 4,369 shares of the financial services provider’s stock worth $636,000 after buying an additional 375 shares in the last quarter. Stock Yards Bank & Trust Co. raised its stake in D/B/A Chubb Limited New by 12.2% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,034 shares of the financial services provider’s stock valued at $587,000 after buying an additional 440 shares in the last quarter. Stillwater Capital Advisors LLC raised its stake in D/B/A Chubb Limited New by 0.7% in the second quarter. Stillwater Capital Advisors LLC now owns 90,826 shares of the financial services provider’s stock valued at $13,204,000 after buying an additional 629 shares in the last quarter. Finally, Boltwood Capital Management purchased a new stake in D/B/A Chubb Limited New during the second quarter valued at $200,000. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 1.27% on Friday, reaching $146.44. The company’s stock had a trading volume of 2,126,617 shares. The firm has a 50-day moving average price of $146.35 and a 200 day moving average price of $140.17. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The firm has a market capitalization of $68.16 billion, a PE ratio of 12.87 and a beta of 0.91.

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 (EPS) for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. D/B/A Chubb Limited New’s revenue was down .8% compared to the same quarter last year. On average, analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

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Several equities research analysts recently weighed in on CB shares. Morgan Stanley lifted their price target on 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 restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC lifted their price target on 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. Keefe, Bruyette & Woods restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada lifted their price target on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $154.09.

In other D/B/A Chubb Limited New news, insider Paul J. Krump sold 14,563 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the sale, the insider now owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 69,175 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total value of $10,011,697.75. Following the sale, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The disclosure for this sale can be found here. Insiders have sold a total of 234,390 shares of company stock worth $34,316,039 in the last ninety days. Insiders own 0.43% of the company’s stock.

About D/B/A Chubb Limited New

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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