Stephens Inc. AR Has $2.65 Million Position in D/B/A Chubb Limited New (CB)
Stephens Inc. AR decreased its position in D/B/A Chubb Limited New (NYSE:CB) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,585 shares of the financial services provider’s stock after selling 430 shares during the quarter. Stephens Inc. AR’s holdings in D/B/A Chubb Limited New were worth $2,649,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd acquired a new stake in D/B/A Chubb Limited New during the first quarter worth approximately $101,000. Manchester Capital Management LLC acquired a new stake in D/B/A Chubb Limited New during the second quarter worth approximately $106,000. Atlantic Trust LLC acquired a new stake in D/B/A Chubb Limited New during the second quarter worth approximately $116,000. Shine Investment Advisory Services Inc. acquired a new stake in D/B/A Chubb Limited New during the second quarter worth approximately $185,000. Finally, Independent Portfolio Consultants Inc. raised its holdings in D/B/A Chubb Limited New by 63.0% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 523 shares in the last quarter. 84.82% of the stock is currently owned by hedge funds and other institutional investors.
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In other D/B/A Chubb Limited New news, insider Paul Bennett Medini sold 5,180 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $150.48, for a total transaction of $779,486.40. Following the sale, the insider now directly owns 91,775 shares in the company, valued at approximately $13,810,302. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 16,674 shares of D/B/A Chubb Limited New stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Insiders have sold a total of 50,584 shares of company stock worth $7,663,990 over the last 90 days. Insiders own 0.43% of the company’s stock.
A number of brokerages have recently commented on CB. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed 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. ValuEngine cut shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. UBS AG cut their target price on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, September 19th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $158.90.
D/B/A Chubb Limited New (NYSE CB) traded up $0.37 during trading hours on Tuesday, reaching $149.00. 983,200 shares of the company were exchanged, compared to its average volume of 1,411,991. D/B/A Chubb Limited New has a 1 year low of $125.70 and a 1 year high of $156.00. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. The stock has a market cap of $69,170.00, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data 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. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. D/B/A Chubb Limited New’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. equities research analysts anticipate that D/B/A Chubb Limited New will post 7.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.91%. D/B/A Chubb Limited New’s payout ratio is currently 34.05%.
D/B/A Chubb Limited New 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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