OMERS ADMINISTRATION Corp acquired a new stake in D/B/A Chubb Limited New (NYSE:CB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,358 shares of the financial services provider’s stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Point72 Asia Hong Kong Ltd purchased a new stake in D/B/A Chubb Limited New in the 1st quarter valued at approximately $101,000. Assetmark Inc. boosted its holdings in D/B/A Chubb Limited New by 2.4% in the 1st quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 27 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in D/B/A Chubb Limited New by 22.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 254 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of D/B/A Chubb Limited New during the 2nd quarter valued at approximately $185,000. Finally, Independent Portfolio Consultants Inc. lifted its position in shares of D/B/A Chubb Limited New by 63.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 523 shares during the period. 86.93% of the stock is currently owned by institutional investors.

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A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $155.00 price target on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $165.00 price target on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. UBS AG reiterated a “buy” rating and set a $161.00 price target (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. D/B/A Chubb Limited New has an average rating of “Buy” and an average target price of $154.09.

In related news, insider John W. Keogh sold 48,245 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $147.25, for a total transaction of $7,104,076.25. Following the completion of the sale, the insider now directly owns 256,860 shares in the company, valued at $37,822,635. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 69,175 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The disclosure for this sale can be found here. Insiders have sold 219,827 shares of company stock valued at $32,250,423 over the last 90 days. 0.43% of the stock is currently owned by insiders.

D/B/A Chubb Limited New (CB) opened at 140.49 on Monday. The firm has a market capitalization of $65.39 billion, a P/E ratio of 12.35 and a beta of 0.92. The company’s 50 day moving average price is $145.86 and its 200 day moving average price is $141.50. 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 issued its earnings results 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 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 firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. Analysts anticipate that D/B/A Chubb Limited New will post $10.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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)

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