First Merchants Corp lessened its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,663 shares of the financial services provider’s stock after selling 884 shares during the period. First Merchants Corp’s holdings in D/B/A Chubb Limited New were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CB. BlackRock Inc. lifted its stake in D/B/A Chubb Limited New by 2,876.2% in the 1st quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock valued at $3,938,050,000 after purchasing an additional 27,931,997 shares during the last quarter. Vanguard Group Inc. lifted its stake in D/B/A Chubb Limited New by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock valued at $4,698,178,000 after purchasing an additional 1,863,310 shares during the last quarter. Principal Financial Group Inc. lifted its stake in D/B/A Chubb Limited New by 226.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock valued at $314,207,000 after purchasing an additional 1,499,554 shares during the last quarter. Janus Henderson Group PLC lifted its stake in D/B/A Chubb Limited New by 1,149.7% in the 2nd quarter. Janus Henderson Group PLC now owns 774,960 shares of the financial services provider’s stock valued at $112,664,000 after purchasing an additional 712,950 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in D/B/A Chubb Limited New by 23.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,404,461 shares of the financial services provider’s stock valued at $349,561,000 after purchasing an additional 449,500 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

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In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New 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 sale, the insider now owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 16,674 shares of D/B/A Chubb Limited New stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $152.02, for a total transaction of $2,534,781.48. The disclosure for this sale can be found here. Insiders have sold 68,723 shares of company stock worth $10,287,046 over the last three months. 0.43% of the stock is owned by insiders.

D/B/A Chubb Limited New (NYSE CB) traded down $0.99 during trading on Friday, hitting $148.27. 1,822,331 shares of the company’s stock were exchanged, compared to its average volume of 1,453,860. D/B/A Chubb Limited New has a 12-month low of $123.07 and a 12-month high of $156.00. The company has a market capitalization of $68,830.20, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period last year, the firm earned $2.88 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that D/B/A Chubb Limited New will post 7.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 29th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is currently 34.05%.

Several equities analysts recently commented on CB shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 price objective on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 29th. Wells Fargo & Company restated a “buy” rating and issued a $164.00 price target on shares of D/B/A Chubb Limited New in a research report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and issued a $153.00 price target on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. UBS AG upped their price target on shares of D/B/A Chubb Limited New from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $156.55.

D/B/A Chubb Limited New Company 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.

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

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