D/B/A Chubb Limited New (CB) Shares Bought by Lincoln National Corp
Lincoln National Corp raised its position in D/B/A Chubb Limited New (NYSE:CB) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the financial services provider’s stock after buying an additional 131 shares during the period. Lincoln National Corp’s holdings in D/B/A Chubb Limited New were worth $246,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CB. Point72 Asia Hong Kong Ltd purchased a new stake in D/B/A Chubb Limited New during the first quarter valued at approximately $101,000. Assetmark Inc. increased 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 in the last quarter. SRS Capital Advisors Inc. increased its stake in D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after buying an additional 254 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in D/B/A Chubb Limited New during the second quarter valued at approximately $185,000. Finally, Independent Portfolio Consultants Inc. increased 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 in the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.
D/B/A Chubb Limited New (NYSE:CB) opened at 141.16 on Thursday. The stock has a market cap of $65.70 billion, a PE ratio of 12.41 and a beta of 0.91. The stock’s 50 day moving average price is $146.38 and its 200-day moving average price is $141.17. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28.
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 consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same period in the prior year, the company posted $2.25 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is currently 24.98%.
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Several research firms have recently commented on CB. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. BidaskClub upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. UBS AG restated a “buy” rating and set a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Finally, Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. One research 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 presently has an average rating of “Buy” and an average price target of $154.09.
In related news, insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value of $7,003,714.14. Following the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the completion of the transaction, the chief executive officer now directly owns 1,351,207 shares in the company, valued at $196,451,985.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,827 shares of company stock worth $32,250,423. 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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