Municipal Employees Retirement System of Michigan increased its position in D/B/A Chubb Limited New (NYSE:CB) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,016 shares of the financial services provider’s stock after buying an additional 60 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in D/B/A Chubb Limited New were worth $2,046,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CB. Liberty Capital Management Inc. boosted its stake in D/B/A Chubb Limited New by 3.1% in the first quarter. Liberty Capital Management Inc. now owns 19,009 shares of the financial services provider’s stock valued at $2,590,000 after buying an additional 570 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock valued at $176,000 after buying an additional 43 shares in the last quarter. Park National Corp OH boosted its stake in D/B/A Chubb Limited New by 0.6% in the first quarter. Park National Corp OH now owns 147,681 shares of the financial services provider’s stock valued at $20,121,000 after buying an additional 933 shares in the last quarter. Cacti Asset Management LLC boosted its stake in D/B/A Chubb Limited New by 21.5% in the first quarter. Cacti Asset Management LLC now owns 301,597 shares of the financial services provider’s stock valued at $41,334,000 after buying an additional 53,273 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in D/B/A Chubb Limited New by 49.8% in the fourth quarter. Macquarie Group Ltd. now owns 217,587 shares of the financial services provider’s stock valued at $28,748,000 after buying an additional 72,329 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE CB) traded up 0.64% during midday trading on Thursday, hitting $149.87. The stock had a trading volume of 1,760,098 shares. The company’s 50 day moving average price is $145.87 and its 200-day moving average price is $139.35. The firm has a market capitalization of $69.98 billion, a PE ratio of 15.91 and a beta of 0.91. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.09.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter in the prior year, the business earned $2.25 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts predict that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, June 30th were paid a dividend of $0.71 per share. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.89%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/03/dba-chubb-limited-new-cb-position-boosted-by-municipal-employees-retirement-system-of-michigan-updated-updated-updated.html.

Several analysts recently commented on CB shares. Citigroup Inc. restated a “buy” rating and issued a $157.00 target price (up from $147.00) on shares of D/B/A Chubb Limited New in a research report on Friday, April 7th. Royal Bank Of Canada increased their price target on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Morgan Stanley increased their price target on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. One equities research 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. The company currently has a consensus rating of “Buy” and an average price target of $154.09.

In other news, insider Timothy Alan Boroughs sold 15,555 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the sale, the insider now owns 198,109 shares in the company, valued at $29,026,930.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John W. Keogh sold 20,999 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $147.45, for a total transaction of $3,096,302.55. Following the sale, the insider now owns 234,103 shares in the company, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,341 shares of company stock worth $26,563,775. 0.43% of the stock is owned by company insiders.

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)

Receive News & Stock Ratings for D/B/A Chubb Limited New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D/B/A Chubb Limited New and related stocks with our FREE daily email newsletter.