Somerset Trust Co boosted its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,855 shares of the financial services provider’s stock after buying an additional 396 shares during the period. D/B/A Chubb Limited New accounts for 1.1% of Somerset Trust Co’s portfolio, making the stock its 29th largest position. Somerset Trust Co’s holdings in D/B/A Chubb Limited New were worth $2,014,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Cribstone Capital Management LLC increased its stake in D/B/A Chubb Limited New by 638.5% in the first quarter. Cribstone Capital Management LLC now owns 2,186 shares of the financial services provider’s stock worth $301,000 after buying an additional 1,890 shares during the period. Doyle Wealth Management acquired a new stake in D/B/A Chubb Limited New during the first quarter worth approximately $6,173,000. Berkshire Asset Management LLC PA increased its stake in D/B/A Chubb Limited New by 9.8% in the first quarter. Berkshire Asset Management LLC PA now owns 81,344 shares of the financial services provider’s stock worth $11,083,000 after buying an additional 7,229 shares during the period. Pinnacle Bank acquired a new stake in D/B/A Chubb Limited New during the first quarter worth approximately $168,000. Finally, Beese Fulmer Investment Management Inc. increased its stake in D/B/A Chubb Limited New by 1.5% in the first quarter. Beese Fulmer Investment Management Inc. now owns 42,380 shares of the financial services provider’s stock worth $5,774,000 after buying an additional 634 shares during the period. Hedge funds and other institutional investors own 87.80% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) traded up 0.30% on Wednesday, hitting $148.42. The stock had a trading volume of 258,148 shares. The company has a market cap of $69.08 billion, a PE ratio of 13.05 and a beta of 0.91. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28. The stock has a 50-day moving average of $146.50 and a 200-day moving average of $140.49.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a dividend of $0.71 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 1.92%. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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A number of equities research analysts have commented on CB shares. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. UBS AG reissued a “buy” rating and issued a $161.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Finally, BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.09.

In related news, insider Paul J. Krump sold 14,563 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the completion of the transaction, the insider now owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The sale was disclosed in a document filed 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 value of $2,006,963.56. Following the transaction, the chief executive officer now directly owns 1,351,207 shares of the company’s stock, valued at approximately $196,451,985.73. The disclosure for this sale can be found here. Insiders have sold 234,390 shares of company stock valued at $34,316,039 in the last ninety days. Company 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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