D/B/A Chubb Limited New (CB) Position Lowered by HM Payson & Co.
HM Payson & Co. decreased its stake in D/B/A Chubb Limited New (NYSE:CB) by 34.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,449 shares of the financial services provider’s stock after selling 778 shares during the period. HM Payson & Co.’s holdings in D/B/A Chubb Limited New were worth $207,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in D/B/A Chubb Limited New during the second quarter worth about $106,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of D/B/A Chubb Limited New during the first quarter worth about $101,000. Atlantic Trust LLC purchased a new stake in D/B/A Chubb Limited New in the second quarter valued at approximately $116,000. Shine Investment Advisory Services Inc. purchased a new stake in D/B/A Chubb Limited New in the second quarter valued at approximately $185,000. Finally, Independent Portfolio Consultants Inc. grew its holdings in D/B/A Chubb Limited New by 63.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 86.93% of the company’s stock.
D/B/A Chubb Limited New (NYSE CB) traded down $0.29 during mid-day trading on Monday, reaching $151.35. 1,016,000 shares of the company’s stock traded hands, compared to its average volume of 1,418,405. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. D/B/A Chubb Limited New has a 12-month low of $124.10 and a 12-month high of $156.00. The company has a market capitalization of $70,260.01, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96.
D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The firm had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities research analysts predict that D/B/A Chubb Limited New will post 7.44 earnings per share for the current fiscal year.
In other D/B/A Chubb Limited New news, insider John J. Lupica sold 16,674 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total transaction of $2,534,781.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by insiders.
CB has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $165.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed 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. UBS AG reduced their price target on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, September 19th. Finally, ValuEngine cut shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $156.55.
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.
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