Fiduciary Trust Co. decreased its stake in D/B/A Chubb Limited New (NYSE:CB) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,753 shares of the financial services provider’s stock after selling 12,958 shares during the quarter. Fiduciary Trust Co.’s holdings in D/B/A Chubb Limited New were worth $16,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CB. Meiji Yasuda Asset Management Co Ltd. boosted its position in D/B/A Chubb Limited New by 4.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 1,060 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in D/B/A Chubb Limited New by 4.3% during the first quarter. Dai Ichi Life Insurance Company Ltd now owns 98,762 shares of the financial services provider’s stock worth $13,456,000 after purchasing an additional 4,046 shares in the last quarter. Alpha Cubed Investments LLC boosted its position in D/B/A Chubb Limited New by 14.0% during the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after purchasing an additional 11,166 shares in the last quarter. Wayne Hummer Investments L.L.C. purchased a new position in D/B/A Chubb Limited New during the first quarter worth approximately $536,000. Finally, Fifth Third Bancorp boosted its position in D/B/A Chubb Limited New by 1.9% during the first quarter. Fifth Third Bancorp now owns 284,381 shares of the financial services provider’s stock worth $38,747,000 after purchasing an additional 5,245 shares in the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.

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

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Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 140.85 on Friday. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28. The company has a 50 day moving average price of $144.90 and a 200 day moving average price of $141.57. The firm has a market cap of $65.55 billion, a PE ratio of 12.38 and a beta of 0.92.

D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the prior year, the company earned $2.25 EPS. D/B/A Chubb Limited New’s revenue was down .8% on a year-over-year basis. On average, analysts forecast that D/B/A Chubb Limited New will post $10.26 earnings per share for the current fiscal year.

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

In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the transaction, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 150,652 shares of company stock worth $22,238,725. 0.43% of the stock is owned by corporate insiders.

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.

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

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