D/B/A Chubb Limited New (CB) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,958,027 shares of the financial services provider’s stock after purchasing an additional 95,138 shares during the period. Dimensional Fund Advisors LP owned about 0.42% of D/B/A Chubb Limited New worth $284,657,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CB. Point72 Asia Hong Kong Ltd bought a new stake in D/B/A Chubb Limited New during the first quarter worth about $101,000. Manchester Capital Management LLC bought a new stake in D/B/A Chubb Limited New during the second quarter worth about $106,000. Assetmark Inc. lifted its stake in D/B/A Chubb Limited New by 2.4% during the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 27 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in D/B/A Chubb Limited New by 22.9% during the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 254 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in D/B/A Chubb Limited New during the second quarter worth about $185,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
D/B/A Chubb Limited New (CB) traded down 0.25% on Friday, reaching $142.59. The company’s stock had a trading volume of 1,009,627 shares. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The company has a market capitalization of $66.36 billion, a PE ratio of 12.54 and a beta of 0.92. The firm has a 50-day moving average of $144.64 and a 200-day moving average of $141.93.
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 Thomson Reuters’ consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate 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%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.25 earnings per share. Analysts predict 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. Shareholders of record on Friday, September 29th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.
In other D/B/A Chubb Limited New news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction dated 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 $29,026,930.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. In the last three months, insiders sold 67,604 shares of company stock valued at $10,031,383. 0.43% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on CB shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 29th. Barclays PLC boosted their target price on 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. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. D/B/A Chubb Limited New has an average rating of “Buy” and a consensus target price of $154.00.
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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.
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