Boltwood Capital Management Invests $200,000 in D/B/A Chubb Limited New (CB)
Boltwood Capital Management purchased a new stake in shares of D/B/A Chubb Limited New (NYSE:CB) during the second quarter, Holdings Channel reports. The firm purchased 1,381 shares of the financial services provider’s stock, valued at approximately $200,000.
Other large investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at about $101,000. Assetmark Inc. raised its stake in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock valued at $159,000 after buying an additional 27 shares during the last quarter. Pinnacle Bank purchased a new stake in D/B/A Chubb Limited New during the first quarter valued at $168,000. Norway Savings Bank raised its stake in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock valued at $180,000 after buying an additional 119 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake 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 buying an additional 523 shares during the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.54% during midday trading on Thursday, reaching $148.49. 284,773 shares of the company’s stock were exchanged. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The stock has a market cap of $69.11 billion, a PE ratio of 13.05 and a beta of 0.91. The company’s 50 day moving average is $146.28 and its 200-day moving average is $140.01.
D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $7.06 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts forecast that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.
TRADEMARK VIOLATION WARNING: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/boltwood-capital-management-invests-200000-in-dba-chubb-limited-new-cb/1468926.html.
Several research firms have recently weighed in on CB. UBS AG reaffirmed a “buy” rating and issued a $161.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Raymond James Financial, Inc. upped their target price on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $154.09.
In other news, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $15,094,061.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Alan Boroughs sold 15,555 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $146.52, for a total value 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. In the last quarter, insiders sold 187,341 shares of company stock worth $27,312,325. Company insiders own 0.43% of the company’s stock.
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).
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.