D/B/A Chubb Limited New (NYSE:CB) Shares Bought by United Services Automobile Association
United Services Automobile Association increased its stake in D/B/A Chubb Limited New (NYSE:CB) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 485,696 shares of the financial services provider’s stock after buying an additional 25,249 shares during the period. United Services Automobile Association owned about 0.10% of D/B/A Chubb Limited New worth $66,176,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA increased its position in shares of D/B/A Chubb Limited New by 9.8% in the first quarter. Berkshire Asset Management LLC PA now owns 81,344 shares of the financial services provider’s stock worth $11,083,000 after buying an additional 7,229 shares during the last quarter. Dodge & Cox acquired a new position in D/B/A Chubb Limited New during the fourth quarter valued at about $2,037,000. Woodstock Corp boosted its position in D/B/A Chubb Limited New by 2.9% in the first quarter. Woodstock Corp now owns 21,185 shares of the financial services provider’s stock valued at $2,886,000 after buying an additional 600 shares during the last quarter. Integrated Wealth Management boosted its position in D/B/A Chubb Limited New by 5.3% in the first quarter. Integrated Wealth Management now owns 2,497 shares of the financial services provider’s stock valued at $340,000 after buying an additional 125 shares during the last quarter. Finally, Torch Wealth Management LLC raised its stake in shares of D/B/A Chubb Limited New by 0.9% in the first quarter. Torch Wealth Management LLC now owns 14,620 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 135 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
D/B/A Chubb Limited New (NYSE:CB) traded down 0.05% during midday trading on Friday, reaching $149.80. The company had a trading volume of 843,700 shares. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The stock has a market cap of $69.71 billion, a P/E ratio of 13.17 and a beta of 0.91. The firm has a 50-day moving average of $145.87 and a 200-day moving average of $139.35.
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 for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations 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 business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 earnings per share. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, June 30th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s dividend payout ratio is 24.98%.
Several analysts have recently weighed in on CB shares. Morgan Stanley upped their price objective on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Barclays PLC upped 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 report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. 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 a consensus rating of “Buy” and a consensus target price of $154.09.
In related news, insider Paul J. Krump sold 14,563 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the transaction, the insider now owns 78,863 shares in the company, valued at $11,185,927.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 13,804 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the transaction, the chief executive officer now owns 1,351,207 shares in the company, valued at approximately $196,451,985.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,341 shares of company stock worth $26,563,775. 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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