Prudential Financial Inc. raised its position in D/B/A Chubb Limited New (NYSE:CB) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 823,731 shares of the financial services provider’s stock after buying an additional 2,920 shares during the period. Prudential Financial Inc. owned about 0.18% of D/B/A Chubb Limited New worth $119,755,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CB. BlackRock Inc. increased its position in shares of D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after buying an additional 27,931,997 shares during the last quarter. Vanguard Group Inc. increased its position in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after buying an additional 1,863,310 shares during the last quarter. American Century Companies Inc. increased its position in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock worth $582,952,000 after buying an additional 867,114 shares during the last quarter. Karp Capital Management Corp increased its position in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock worth $57,022,000 after buying an additional 401,394 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock worth $248,277,000 after buying an additional 364,000 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE CB) opened at 140.49 on Friday. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The company has a market cap of $65.39 billion, a PE ratio of 12.35 and a beta of 0.92. The firm’s 50-day moving average is $145.86 and its 200-day moving average is $141.50.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) 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 company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter last year, the company posted $2.25 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.24 EPS 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/02/dba-chubb-limited-new-cb-shares-bought-by-prudential-financial-inc.html.

A number of equities analysts have recently weighed in on CB shares. Barclays PLC boosted their target price on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a research note on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and issued a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Zacks Investment Research downgraded D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $154.09.

In other news, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction on Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the transaction, the insider now owns 100,822 shares in the company, valued at approximately $15,094,061.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 69,175 shares of D/B/A Chubb Limited New stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the transaction, the chief executive officer now owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The disclosure for this sale can be found here. Insiders have sold a total of 219,827 shares of company stock worth $32,250,423 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

D/B/A Chubb Limited New Company Profile

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.