Fulton Bank N.A. reduced its stake in D/B/A Chubb Limited New (NYSE:CB) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,778 shares of the financial services provider’s stock after selling 2,804 shares during the period. Fulton Bank N.A.’s holdings in D/B/A Chubb Limited New were worth $1,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Investment Advisors LLC increased its position in D/B/A Chubb Limited New by 0.4% in the first quarter. Capital Investment Advisors LLC now owns 2,795 shares of the financial services provider’s stock valued at $381,000 after buying an additional 12 shares during the period. Guardian Life Insurance Co. of America increased its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock valued at $245,000 after buying an additional 12 shares during the period. Keel Point LLC increased its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock valued at $346,000 after buying an additional 17 shares during the period. Mackenzie Financial Corp increased its position in D/B/A Chubb Limited New by 0.5% in the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock valued at $565,000 after buying an additional 19 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in D/B/A Chubb Limited New by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 2,114 shares of the financial services provider’s stock valued at $288,000 after buying an additional 20 shares during the period. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

D/B/A Chubb Limited New (CB) traded down 1.27% during mid-day trading on Friday, reaching $146.44. The company’s stock had a trading volume of 2,126,617 shares. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28. The company has a market cap of $68.16 billion, a PE ratio of 12.87 and a beta of 0.91. The firm’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 issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 EPS. Equities analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

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

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Several research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $165.00 price objective on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $155.00 target price on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Morgan Stanley reissued an “overweight” rating and set a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Thursday, July 6th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $154.09.

In related news, CEO Evan G. Greenberg sold 69,175 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total value of $10,011,697.75. Following the transaction, the chief executive officer now owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total value of $2,065,615.92. Following the completion of the transaction, the insider now owns 78,863 shares in the company, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Insiders sold a total of 234,390 shares of company stock worth $34,316,039 in the last 90 days. 0.43% of the stock is currently owned by insiders.

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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