Artisan Partners Limited Partnership boosted its stake in D/B/A Chubb Limited New (NYSE:CB) by 2.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,367 shares of the financial services provider’s stock after buying an additional 9,276 shares during the period. Artisan Partners Limited Partnership owned 0.08% of D/B/A Chubb Limited New worth $51,513,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of CB. Manchester Capital Management LLC bought a new position in shares of D/B/A Chubb Limited New during the 2nd quarter valued at about $106,000. Atlantic Trust LLC bought a new position in shares of D/B/A Chubb Limited New during the 2nd quarter valued at about $116,000. Horan Capital Advisors LLC. bought a new position in shares of D/B/A Chubb Limited New during the 3rd quarter valued at about $133,000. Shine Investment Advisory Services Inc. bought a new position in shares of D/B/A Chubb Limited New during the 2nd quarter valued at about $185,000. Finally, Independent Portfolio Consultants Inc. boosted its holdings in shares of 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 period. Institutional investors own 88.31% of the company’s stock.
CB has been the subject of several recent analyst reports. Zacks Investment Research cut shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. 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 Tuesday, August 29th. Wells Fargo & Company reiterated a “buy” rating and issued a $164.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, September 28th. J P Morgan Chase & Co upgraded shares of D/B/A Chubb Limited New from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. Finally, Citigroup raised their target price on shares of D/B/A Chubb Limited New from $167.00 to $173.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. D/B/A Chubb Limited New has an average rating of “Buy” and a consensus price target of $160.09.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.11. The business had revenue of $7.36 billion during 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%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. research analysts anticipate that D/B/A Chubb Limited New will post 7.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 34.05%.
In related news, insider Paul Bennett Medini sold 5,180 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 91,775 shares of the company’s stock, valued at $13,810,302. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sean Ringsted sold 28,730 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $151.40, for a total transaction of $4,349,722.00. Following the transaction, the executive vice president now directly owns 171,667 shares in the company, valued at approximately $25,990,383.80. The disclosure for this sale can be found here. Insiders sold 50,584 shares of company stock valued at $7,663,990 over the last three months. 0.43% of the stock is 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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