Veritable L.P. lifted its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,843 shares of the financial services provider’s stock after purchasing an additional 7,245 shares during the quarter. Veritable L.P.’s holdings in D/B/A Chubb Limited New were worth $11,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Vanguard Group Inc. raised its position in D/B/A Chubb Limited New by 2.4% in the second quarter. Vanguard Group Inc. now owns 35,320,686 shares of the financial services provider’s stock worth $5,134,923,000 after acquiring an additional 838,652 shares in the last quarter. BlackRock Inc. raised its position in D/B/A Chubb Limited New by 1.4% in the second quarter. BlackRock Inc. now owns 29,312,701 shares of the financial services provider’s stock worth $4,261,481,000 after acquiring an additional 409,574 shares in the last quarter. 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 acquiring an additional 294,867 shares in the last quarter. 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 acquiring an additional 212,643 shares in the last quarter. 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 acquiring an additional 145,358 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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In other news, 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 sale, the insider now owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the firm’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 sale, the insider now directly owns 344,560 shares in the company, valued at approximately $51,291,201.60. The disclosure for this sale can be found here. Insiders sold 67,604 shares of company stock worth $10,031,383 in the last three months. Insiders own 0.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis.

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 $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 24.98%.

Several brokerages have commented on CB. UBS AG reiterated a “buy” rating and issued a $161.00 price target (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report 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 report on Tuesday, July 18th. Morgan Stanley reiterated an “overweight” rating and issued a $156.00 price target (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Barclays PLC boosted their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $154.00.

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.

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

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