CIBC World Markets Inc. purchased a new position in shares of D/B/A Chubb Limited New (NYSE:CB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,711 shares of the financial services provider’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Freestone Capital Holdings LLC lifted its holdings in D/B/A Chubb Limited New by 2.8% in the second quarter. Freestone Capital Holdings LLC now owns 6,480 shares of the financial services provider’s stock valued at $942,000 after acquiring an additional 174 shares during the period. Manchester Capital Management LLC acquired a new stake in D/B/A Chubb Limited New in the second quarter valued at $106,000. Flagship Harbor Advisors LLC lifted its holdings in D/B/A Chubb Limited New by 2.1% in the second quarter. Flagship Harbor Advisors LLC now owns 2,197 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 45 shares during the period. HRT Financial LLC acquired a new stake in D/B/A Chubb Limited New in the second quarter valued at $691,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in D/B/A Chubb Limited New by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,690 shares of the financial services provider’s stock valued at $5,043,000 after acquiring an additional 139 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. UBS AG reduced their target price on D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Citigroup Inc. raised their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, July 13th. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $154.00.

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In other news, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the sale, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy Alan Boroughs sold 15,555 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total value of $2,279,118.60. Following the completion of the sale, the insider now owns 198,109 shares of the company’s stock, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,604 shares of company stock valued at $10,031,383. Insiders own 0.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) opened at 143.88 on Thursday. The stock has a 50 day moving average price of $144.64 and a 200-day moving average price of $141.93. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The stock has a market cap of $66.96 billion, a PE ratio of 12.65 and a beta of 0.92.

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, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The business 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 return on equity of 10.18% and a net margin of 16.68%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. On average, analysts expect that D/B/A Chubb Limited New will post $10.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a $0.71 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.97%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.

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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