IBM Retirement Fund boosted its stake in D/B/A Chubb Limited New (NYSE:CB) by 120.7% during the second quarter, Holdings Channel reports. The fund owned 11,377 shares of the financial services provider’s stock after buying an additional 6,222 shares during the period. IBM Retirement Fund’s holdings in D/B/A Chubb Limited New were worth $1,848,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CB. Point72 Asia Hong Kong Ltd purchased a new stake in 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 about $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 institutional investors and hedge funds.

Shares of D/B/A Chubb Limited New (CB) opened at 146.44 on Friday. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28. The firm has a market cap of $68.16 billion, a P/E ratio of 12.87 and a beta of 0.91. The firm has a 50-day moving average of $146.35 and a 200-day moving average of $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 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 earnings per share. On average, equities analysts forecast that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 24.98%.

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CB has been the subject of several research analyst reports. UBS AG restated a “buy” rating and set a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 1st. 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 Monday, July 31st. Royal Bank Of Canada restated 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. Raymond James Financial, Inc. upped their price target on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. upped their price target on shares of D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. D/B/A Chubb Limited New presently has an average rating of “Buy” and an average target price of $154.09.

In other D/B/A Chubb Limited New news, CEO Evan G. Greenberg sold 13,804 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the sale, the chief executive officer now owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 69,175 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the completion of the sale, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The disclosure for this sale can be found here. Insiders sold 234,390 shares of company stock worth $34,316,039 in the last ninety days. Insiders own 0.43% of the company’s stock.

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.

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

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