USA Financial Portformulas Corp acquired a new position in shares of D/B/A Chubb Limited New (NYSE:CB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,228 shares of the financial services provider’s stock, valued at approximately $2,941,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of D/B/A Chubb Limited New by 2,876.2% during the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after purchasing an additional 27,931,997 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of D/B/A Chubb Limited New by 5.7% during the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after purchasing an additional 1,863,310 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of D/B/A Chubb Limited New by 226.6% during the second quarter. Principal Financial Group Inc. now owns 2,161,282 shares of the financial services provider’s stock worth $314,207,000 after purchasing an additional 1,499,554 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of D/B/A Chubb Limited New by 1,149.7% during the second quarter. Janus Henderson Group PLC now owns 774,960 shares of the financial services provider’s stock worth $112,664,000 after purchasing an additional 712,950 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of D/B/A Chubb Limited New by 23.0% during the second quarter. Renaissance Technologies LLC now owns 2,404,461 shares of the financial services provider’s stock worth $349,561,000 after purchasing an additional 449,500 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Philip V. Bancroft sold 47,049 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the transaction, the insider now owns 344,560 shares in the company, valued at approximately $51,291,201.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Alan Boroughs sold 15,555 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $146.52, for a total transaction of $2,279,118.60. Following the transaction, the insider now owns 198,109 shares in the company, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders sold a total of 67,604 shares of company stock worth $10,031,383 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

A number of equities analysts have recently issued reports on CB shares. Barclays PLC upped their target price on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Morgan Stanley reiterated an “overweight” rating and set a $156.00 target price (up from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Citigroup Inc. upped their target price 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. Finally, Zacks Investment Research lowered shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. D/B/A Chubb Limited New has a consensus rating of “Hold” and a consensus target price of $155.45.

D/B/A Chubb Limited New (CB) traded down 0.31% during midday trading on Tuesday, reaching $149.85. 293,018 shares of the company’s stock traded hands. The firm has a market cap of $69.80 billion, a price-to-earnings ratio of 16.89 and a beta of 0.92. D/B/A Chubb Limited New has a 1-year low of $121.48 and a 1-year high of $150.37. The stock’s 50 day moving average price is $143.28 and its 200 day moving average price is $142.90.

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, topping the Zacks’ 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 company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 EPS. Equities research analysts anticipate that D/B/A Chubb Limited New will post $7.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.89%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 24.98%.

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

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