Cornerstone Investment Partners LLC lowered its stake in D/B/A Chubb Limited New (NYSE:CB) by 11.2% during the second quarter, Holdings Channel reports. The firm owned 474,863 shares of the financial services provider’s stock after selling 59,928 shares during the period. D/B/A Chubb Limited New makes up about 3.2% of Cornerstone Investment Partners LLC’s portfolio, making the stock its 18th largest position. Cornerstone Investment Partners LLC’s holdings in D/B/A Chubb Limited New were worth $69,036,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock valued at $3,938,050,000 after buying an additional 27,931,997 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock valued at $4,698,178,000 after buying an additional 1,863,310 shares during the last quarter. American Century Companies Inc. boosted its position in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock valued at $582,952,000 after buying an additional 867,114 shares during the last quarter. Karp Capital Management Corp boosted its position in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock valued at $57,022,000 after buying an additional 401,394 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock valued at $248,277,000 after buying an additional 364,000 shares during the last quarter. 87.80% of the stock is currently owned by institutional investors.

Shares of D/B/A Chubb Limited New (NYSE CB) traded up 0.89% during mid-day trading on Monday, reaching $147.74. 326,011 shares of the company traded hands. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The stock has a market capitalization of $68.76 billion, a price-to-earnings ratio of 12.99 and a beta of 0.91. The company’s 50 day moving average is $146.35 and its 200 day moving average is $140.17.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 EPS. On average, equities analysts forecast that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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Several brokerages have recently weighed in on CB. Royal Bank Of Canada reissued a “buy” rating and set a $165.00 price target on shares of D/B/A Chubb Limited New in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reissued 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. BidaskClub raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Morgan Stanley reissued an “overweight” rating and set a $156.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $154.09.

In other news, insider Paul J. Krump sold 14,563 shares of D/B/A Chubb Limited New stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the transaction, the insider now directly owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of D/B/A Chubb Limited New stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders sold a total of 234,390 shares of company stock worth $34,316,039 over the last ninety days. Corporate 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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