South Texas Money Management Ltd. reduced its holdings in shares of D/B/A Chubb Limited New (NYSE:CB) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,057 shares of the financial services provider’s stock after selling 653 shares during the quarter. South Texas Money Management Ltd.’s holdings in D/B/A Chubb Limited New were worth $590,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC bought a new position in shares of D/B/A Chubb Limited New in the 2nd quarter worth $106,000. Point72 Asia Hong Kong Ltd bought a new position in shares of D/B/A Chubb Limited New in the 1st quarter worth $101,000. Assetmark Inc. increased its holdings in shares of D/B/A Chubb Limited New by 2.4% in the 1st quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of D/B/A Chubb Limited New in the 2nd quarter worth $185,000. Finally, Independent Portfolio Consultants Inc. increased its holdings in shares of D/B/A Chubb Limited New by 63.0% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock worth $197,000 after buying an additional 523 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

A number of equities analysts have recently commented on the stock. UBS AG reissued a “buy” rating and issued a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. BidaskClub raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Finally, Barclays PLC upped their price objective on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. D/B/A Chubb Limited New has a consensus rating of “Buy” and a consensus price target of $154.00.

Shares of D/B/A Chubb Limited New (NYSE CB) traded down 0.284% on Thursday, hitting $143.471. 149,829 shares of the company traded hands. The firm has a market capitalization of $66.77 billion, a P/E ratio of 12.613 and a beta of 0.92. The firm’s 50-day moving average is $144.64 and its 200 day moving average is $141.93. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. 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 prior year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts anticipate that D/B/A Chubb Limited New will post $10.24 earnings per share for the current fiscal year.

The company also recently declared 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 dividend yield of 1.97%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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

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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.

Institutional Ownership by Quarter for D/B/A Chubb Limited New (NYSE:CB)

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