D/B/A Chubb Limited New (CB) Position Decreased by Monarch Capital Management Inc.

Monarch Capital Management Inc. lowered its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,685 shares of the financial services provider’s stock after selling 150 shares during the period. Monarch Capital Management Inc.’s holdings in D/B/A Chubb Limited New were worth $972,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Berkshire Asset Management LLC PA boosted its stake in shares of 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 valued at $11,083,000 after buying an additional 7,229 shares during the period. Integrated Wealth Management boosted its stake in shares of D/B/A Chubb Limited New by 5.3% in the first quarter. Integrated Wealth Management now owns 2,497 shares of the financial services provider’s stock valued at $340,000 after buying an additional 125 shares during the period. Torch Wealth Management LLC boosted its stake in shares of D/B/A Chubb Limited New by 0.9% in the first quarter. Torch Wealth Management LLC now owns 14,620 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 135 shares during the period. Mycio Wealth Partners LLC boosted its stake in shares of D/B/A Chubb Limited New by 6.7% in the first quarter. Mycio Wealth Partners LLC now owns 948,275 shares of the financial services provider’s stock valued at $129,202,000 after buying an additional 59,485 shares during the period. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in shares of D/B/A Chubb Limited New during the first quarter valued at approximately $536,000. Institutional investors and hedge funds own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 149.29 on Thursday. The firm has a market cap of $69.48 billion, a P/E ratio of 13.12 and a beta of 0.91. The firm’s 50-day moving average price is $146.28 and its 200 day moving average price is $140.01. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. D/B/A Chubb Limited New’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. On average, equities analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 30th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 24.98%.

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

In related news, insider Juan C. Andrade sold 5,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at $15,094,061.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $146.52, for a total value of $2,279,118.60. Following the transaction, the insider now owns 198,109 shares of the company’s stock, valued at $29,026,930.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 187,341 shares of company stock worth $27,312,325. 0.43% of the stock is currently 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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Institutional Ownership by Quarter for D/B/A Chubb Limited New (NYSE:CB)

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