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%.

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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.

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

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