Chicago Equity Partners LLC lessened its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 74.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,195 shares of the financial services provider’s stock after selling 80,260 shares during the period. Chicago Equity Partners LLC’s holdings in D/B/A Chubb Limited New were worth $4,099,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Marble Harbor Investment Counsel LLC lifted its holdings in D/B/A Chubb Limited New by 1.6% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 9,645 shares of the financial services provider’s stock worth $1,402,000 after buying an additional 150 shares during the last quarter. Commerce Bank lifted its holdings in D/B/A Chubb Limited New by 12.7% during the 2nd quarter. Commerce Bank now owns 16,334 shares of the financial services provider’s stock worth $2,374,000 after buying an additional 1,835 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in D/B/A Chubb Limited New by 226.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock worth $314,207,000 after buying an additional 1,499,554 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in D/B/A Chubb Limited New by 5.2% during the 2nd quarter. Greenwood Capital Associates LLC now owns 20,854 shares of the financial services provider’s stock worth $3,032,000 after buying an additional 1,022 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its holdings in D/B/A Chubb Limited New by 457.3% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 8,499 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 6,974 shares during the last quarter. 86.93% of the stock is currently owned by institutional investors.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 140.49 on Tuesday. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The firm has a market capitalization of $65.39 billion, a PE ratio of 12.35 and a beta of 0.92. The company has a 50-day moving average price of $145.86 and a 200 day moving average price of $141.50.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. The business 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%. D/B/A Chubb Limited New’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.25 EPS. Analysts expect that D/B/A Chubb Limited New will post $10.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a $0.71 dividend. 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 payout ratio is currently 24.98%.

CB has been the topic of a number of research analyst reports. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Barclays PLC increased 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 report on Monday, July 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Finally, Citigroup Inc. increased their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $154.09.

In other news, insider John W. Keogh sold 48,245 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $147.25, for a total value of $7,104,076.25. Following the transaction, the insider now directly owns 256,860 shares of the company’s stock, valued at approximately $37,822,635. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 13,804 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,351,207 shares in the company, valued at $196,451,985.73. The disclosure for this sale can be found here. Insiders sold a total of 150,652 shares of company stock worth $22,238,725 over the last three months. 0.43% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: “D/B/A Chubb Limited New (CB) Shares Sold by Chicago Equity Partners LLC” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/05/dba-chubb-limited-new-cb-shares-sold-by-chicago-equity-partners-llc.html.

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D/B/A Chubb Limited New (NYSE:CB).

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.