Geneva Advisors LLC cut its stake in D/B/A Chubb Limited New (NYSE:CB) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,464 shares of the financial services provider’s stock after selling 2,190 shares during the period. Geneva Advisors LLC’s holdings in D/B/A Chubb Limited New were worth $6,319,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dai Ichi Life Insurance Company Ltd boosted its position in D/B/A Chubb Limited New by 4.3% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 98,762 shares of the financial services provider’s stock valued at $13,456,000 after buying an additional 4,046 shares during the period. Alpha Cubed Investments LLC boosted its position in D/B/A Chubb Limited New by 14.0% in the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock valued at $13,253,000 after buying an additional 11,166 shares during the period. Wayne Hummer Investments L.L.C. acquired a new position in D/B/A Chubb Limited New during the first quarter valued at approximately $536,000. Fifth Third Bancorp boosted its position in D/B/A Chubb Limited New by 1.9% in the first quarter. Fifth Third Bancorp now owns 284,381 shares of the financial services provider’s stock valued at $38,747,000 after buying an additional 5,245 shares during the period. Finally, Putnam FL Investment Management Co. boosted its position in D/B/A Chubb Limited New by 25.7% in the first quarter. Putnam FL Investment Management Co. now owns 21,465 shares of the financial services provider’s stock valued at $2,925,000 after buying an additional 4,385 shares during the period. 86.92% of the stock is owned by institutional investors.

D/B/A Chubb Limited New (CB) opened at 141.16 on Thursday. The company has a market capitalization of $65.70 billion, a price-to-earnings ratio of 12.41 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28. The firm’s 50-day moving average price is $146.38 and its 200-day moving average price is $141.17.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $2.25 earnings per share. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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CB has been the topic of several recent analyst reports. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Barclays PLC upped their price objective on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Morgan Stanley restated an “overweight” rating and set a $156.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $153.00 price objective on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Finally, Citigroup Inc. upped their price objective on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.09.

In other news, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $145.39, for a total value of $2,006,963.56. Following the sale, the chief executive officer now directly owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 1,360,382 shares in the company, valued at $196,888,086.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,827 shares of company stock worth $32,250,423. 0.43% of the stock is currently 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.

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

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