CI Global Investments Inc. Has $45.97 Million Holdings in D/B/A Chubb Limited New (CB)
CI Global Investments Inc. lowered its stake in D/B/A Chubb Limited New (NYSE:CB) by 58.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 322,496 shares of the financial services provider’s stock after selling 446,840 shares during the period. D/B/A Chubb Limited New makes up approximately 0.9% of CI Global Investments Inc.’s holdings, making the stock its 25th biggest position. CI Global Investments Inc. owned about 0.07% of D/B/A Chubb Limited New worth $45,972,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth about $106,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of D/B/A Chubb Limited New during the 1st quarter worth about $101,000. Atlantic Trust LLC acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth about $116,000. Shine Investment Advisory Services Inc. acquired a new position in shares of D/B/A Chubb Limited New during the 2nd quarter worth about $185,000. Finally, Independent Portfolio Consultants Inc. lifted its position in shares of D/B/A Chubb Limited New by 63.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 523 shares during the last quarter. 86.93% of the stock is owned by institutional investors.
CB has been the subject of several research analyst reports. Zacks Investment Research cut D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 29th. Raymond James Financial, Inc. boosted their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Wells Fargo & Company reissued a “buy” rating and set a $164.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $156.55.
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Shares of D/B/A Chubb Limited New (NYSE:CB) traded down $0.01 on Tuesday, reaching $151.34. The company had a trading volume of 1,065,300 shares, compared to its average volume of 1,416,793. D/B/A Chubb Limited New has a 1 year low of $124.10 and a 1 year high of $156.00. The company has a market capitalization of $70,010.00, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. The company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the company posted $2.88 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. equities research analysts expect that D/B/A Chubb Limited New will post 7.44 earnings per share for the current fiscal year.
In other news, insider Paul Bennett Medini sold 5,180 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $150.48, for a total value of $779,486.40. Following the sale, the insider now directly owns 91,775 shares in the company, valued at approximately $13,810,302. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 16,674 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.
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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