Axa reduced its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 18.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,895 shares of the financial services provider’s stock after selling 18,951 shares during the period. Axa’s holdings in D/B/A Chubb Limited New were worth $12,342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CB. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of 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 valued at $3,600,000 after acquiring an additional 1,060 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in shares of 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 valued at $13,456,000 after acquiring an additional 4,046 shares during the last quarter. Alpha Cubed Investments LLC increased its position in shares of 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 valued at $13,253,000 after acquiring an additional 11,166 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at about $536,000. Finally, Fifth Third Bancorp increased its position in shares of 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 valued at $38,747,000 after acquiring an additional 5,245 shares during the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) opened at 145.88 on Tuesday. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.28. The stock has a 50 day moving average of $144.84 and a 200 day moving average of $141.65. The stock has a market cap of $67.89 billion, a price-to-earnings ratio of 12.82 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, topping the Zacks’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion during the quarter, compared to the consensus estimate 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 company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Equities analysts expect that D/B/A Chubb Limited New will post $10.25 earnings per share 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

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CB has been the subject of a number of recent analyst reports. Citigroup Inc. lifted their price target on shares of 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. 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 Tuesday, August 29th. 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. Raymond James Financial, Inc. lifted their price target on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Barclays PLC lifted their price target on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. One investment 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 presently has an average rating of “Buy” and a consensus target price of $154.09.

In related news, insider Philip V. Bancroft sold 47,049 shares of the 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 completion of the sale, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the sale, the insider now directly owns 100,822 shares of the company’s stock, valued at approximately $15,094,061.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,848 shares of company stock valued at $20,231,762. Corporate insiders own 0.43% of the company’s stock.

D/B/A Chubb Limited New 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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