Trust Co cut its position in D/B/A Chubb Limited New (NYSE:CB) by 15.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,181 shares of the financial services provider’s stock after selling 1,286 shares during the period. Trust Co’s holdings in D/B/A Chubb Limited New were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Boltwood Capital Management acquired a new stake in D/B/A Chubb Limited New during the second quarter worth approximately $200,000. Xact Kapitalforvaltning AB increased its stake in D/B/A Chubb Limited New by 0.5% in the second quarter. Xact Kapitalforvaltning AB now owns 74,803 shares of the financial services provider’s stock worth $10,875,000 after buying an additional 348 shares during the last quarter. Independent Portfolio Consultants Inc. increased 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 worth $197,000 after buying an additional 523 shares during the last quarter. McQueen Ball & Associates Inc. increased its stake in D/B/A Chubb Limited New by 2.4% in the second quarter. McQueen Ball & Associates Inc. now owns 4,730 shares of the financial services provider’s stock worth $688,000 after buying an additional 112 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in D/B/A Chubb Limited New by 14.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 75,968 shares of the financial services provider’s stock worth $10,351,000 after buying an additional 9,830 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) traded down 0.54% on Thursday, reaching $148.49. 284,773 shares of the company were exchanged. The stock has a market capitalization of $69.11 billion, a P/E ratio of 13.05 and a beta of 0.91. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The stock has a 50 day moving average price of $146.28 and a 200-day moving average price of $140.01.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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A number of analysts recently commented on the stock. UBS AG reiterated a “buy” rating and issued a $161.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a 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 report on Monday, July 31st. Keefe, Bruyette & Woods reiterated 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. Raymond James Financial, Inc. boosted their target price on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.09.

In other news, insider Paul J. Krump sold 14,563 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were 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 directly owns 78,863 shares of the company’s stock, valued at approximately $11,185,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold a total of 187,341 shares of company stock valued at $27,312,325 over 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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