CI Global Investments Inc. cut its position in D/B/A Chubb Limited New (NYSE:CB) by 52.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 769,336 shares of the financial services provider’s stock after selling 851,316 shares during the period. D/B/A Chubb Limited New accounts for about 2.1% of CI Global Investments Inc.’s investment portfolio, making the stock its 17th biggest position. CI Global Investments Inc. owned 0.17% of D/B/A Chubb Limited New worth $111,846,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CB. Point72 Asia Hong Kong Ltd acquired a new position in shares of D/B/A Chubb Limited New during the first quarter worth approximately $101,000. Manchester Capital Management LLC acquired a new position in shares of D/B/A Chubb Limited New during the second quarter worth approximately $106,000. Assetmark Inc. lifted its position in shares of D/B/A Chubb Limited New by 2.4% during the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 27 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of D/B/A Chubb Limited New by 22.9% during the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 254 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of D/B/A Chubb Limited New during the second quarter worth approximately $185,000. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 145.17 on Monday. The company has a market capitalization of $67.56 billion, a P/E ratio of 12.76 and a beta of 0.92. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28. The company’s 50 day moving average is $144.90 and its 200-day moving average is $141.57.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.06 billion. During the same period last year, the company posted $2.25 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts forecast that D/B/A Chubb Limited New will post $10.25 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 given a dividend of $0.71 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 2.02%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

In related news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the sale, the insider now directly owns 344,560 shares in the company, valued at approximately $51,291,201.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy Alan Boroughs sold 15,555 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the sale, the insider now owns 198,109 shares in the company, valued at $29,026,930.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,848 shares of company stock worth $20,231,762. 0.43% of the stock is owned by corporate insiders.

CB has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $165.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $155.00 target price on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. UBS AG reiterated a “buy” rating and set a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $154.09.

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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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