Bowling Portfolio Management LLC lowered its position in D/B/A Chubb Limited New (NYSE:CB) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 21,826 shares of the financial services provider’s stock after selling 52 shares during the period. Bowling Portfolio Management LLC’s holdings in D/B/A Chubb Limited New were worth $3,173,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new position in D/B/A Chubb Limited New during the first quarter worth approximately $101,000. Assetmark Inc. boosted its position 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 worth $159,000 after buying an additional 27 shares in the last quarter. Pinnacle Bank purchased a new position in D/B/A Chubb Limited New during the first quarter worth approximately $168,000. Norway Savings Bank boosted its position 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 worth $180,000 after buying an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after buying an additional 254 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 146.44 on Friday. The stock has a market capitalization of $68.16 billion, a PE ratio of 12.87 and a beta of 0.91. The firm has a 50-day moving average of $146.35 and a 200 day moving average of $140.17. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. D/B/A Chubb Limited New’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. Equities research analysts forecast that D/B/A Chubb Limited New will post $10.27 EPS 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 paid 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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A number of equities analysts recently commented on the stock. Citigroup Inc. lifted their price target on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. boosted their price objective on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, UBS AG reissued a “buy” rating and issued a $161.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. D/B/A Chubb Limited New has an average rating of “Buy” and an average target price of $154.09.

In other news, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the completion of the transaction, the chief executive officer now owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul J. Krump sold 14,563 shares of the firm’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 transaction of $2,065,615.92. Following the completion of the transaction, the insider now directly owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 234,390 shares of company stock valued at $34,316,039. 0.43% of the stock is currently owned by 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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