Sumitomo Life Insurance Co. boosted its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 25,860 shares of the financial services provider’s stock after buying an additional 384 shares during the period. Sumitomo Life Insurance Co.’s holdings in D/B/A Chubb Limited New were worth $3,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. Vanguard Group Inc. raised its position 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. FMR LLC raised its position in D/B/A Chubb Limited New by 1.0% in the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock worth $3,972,471,000 after buying an additional 294,867 shares during the period. BlackRock Inc. raised its position 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. State Street Corp raised its position in D/B/A Chubb Limited New by 1.0% in the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock worth $3,011,419,000 after buying an additional 212,643 shares during the period. Finally, Bank of America Corp DE raised its position in D/B/A Chubb Limited New by 1.5% in the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock worth $1,334,559,000 after buying an additional 145,358 shares during the period. 88.43% of the stock is owned by institutional investors and hedge funds.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 146.44 on Friday. The firm’s 50-day moving average price is $146.35 and its 200-day moving average price is $140.17. The firm has a market capitalization of $68.16 billion, a price-to-earnings ratio of 12.87 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.

D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The firm 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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A number of equities analysts recently weighed in on CB shares. Royal Bank Of Canada increased 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. 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 price target on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company 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 price target on 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $154.09.

In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 234,390 shares of company stock valued at $34,316,039. Insiders own 0.43% of the company’s stock.

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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