Gofen & Glossberg LLC IL cut its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,327 shares of the financial services provider’s stock after selling 565 shares during the period. Gofen & Glossberg LLC IL’s holdings in D/B/A Chubb Limited New were worth $7,947,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after buying an additional 27 shares in the last quarter. Pinnacle Bank purchased a new stake in shares of D/B/A Chubb Limited New during the first quarter worth approximately $168,000. Integrated Investment Consultants LLC increased its stake in shares of 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 worth $176,000 after buying an additional 43 shares during the last quarter. Norway Savings Bank increased its stake in shares of D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in shares of D/B/A Chubb Limited New by 2.7% in the first quarter. Mosaic Family Wealth LLC now owns 1,483 shares of the financial services provider’s stock worth $202,000 after buying an additional 39 shares during the period. Institutional investors own 88.67% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) traded down 0.05% on Friday, reaching $149.80. 843,700 shares of the company’s stock were exchanged. The firm has a market capitalization of $69.71 billion, a price-to-earnings 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 has a 12 month low of $121.48 and a 12 month high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data 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. The firm had revenue of $7.58 billion during 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 company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, June 30th were given a $0.71 dividend. This represents a $2.84 annualized dividend 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 (DPR) is presently 24.98%.

COPYRIGHT VIOLATION NOTICE: “Gofen & Glossberg LLC IL Cuts Position in D/B/A Chubb Limited New (NYSE:CB)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/04/gofen-glossberg-llc-il-decreases-stake-in-dba-chubb-limited-new-nysecb-updated-updated-updated.html.

A number of brokerages have recently weighed in on CB. Citigroup Inc. reissued a “buy” rating and set a $157.00 price objective (up from $147.00) on shares of D/B/A Chubb Limited New in a research note on Friday, April 7th. Royal Bank Of Canada lifted their price target on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Morgan Stanley boosted their target price on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Friday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. D/B/A Chubb Limited New currently has an average rating of “Buy” and a consensus price target of $154.09.

In other news, CEO Evan G. Greenberg sold 69,175 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total value of $10,011,697.75. Following the transaction, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at approximately $196,888,086.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,351,207 shares in the company, valued at approximately $196,451,985.73. The disclosure for this sale can be found here. Insiders sold a total of 182,341 shares of company stock valued at $26,563,775 in the last 90 days. 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.

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

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