D/B/A Chubb Limited New (CB) Position Raised by McQueen Ball & Associates Inc.

McQueen Ball & Associates Inc. raised its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,730 shares of the financial services provider’s stock after buying an additional 112 shares during the period. McQueen Ball & Associates Inc.’s holdings in D/B/A Chubb Limited New were worth $688,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Point72 Asia Hong Kong Ltd acquired a new position in D/B/A Chubb Limited New during the first quarter worth about $101,000. Assetmark Inc. boosted its position in D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the last quarter. Pinnacle Bank acquired a new position in D/B/A Chubb Limited New during the first quarter worth about $168,000. Norway Savings Bank boosted its position in D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock worth $180,000 after buying an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in D/B/A Chubb Limited New by 22.9% in the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after buying an additional 254 shares during the last quarter. Institutional investors own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (CB) traded down 0.45% during midday trading on Thursday, hitting $148.62. The company had a trading volume of 256,332 shares. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $148.95. The firm has a market capitalization of $69.17 billion, a PE ratio of 13.07 and a beta of 0.91. The company has a 50-day moving average of $146.28 and a 200 day moving average of $140.01.

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, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion for the quarter, compared to analysts’ expectations 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%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 EPS. On average, 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. Shareholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. D/B/A Chubb Limited New’s dividend payout ratio is presently 24.98%.

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A number of research firms recently issued reports on CB. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Monday, July 31st. UBS AG restated a “buy” rating and set a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and set a $165.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Raymond James Financial, Inc. boosted their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. upped their target price on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. D/B/A Chubb Limited New currently has a consensus rating of “Buy” and an average price target of $154.09.

In other news, insider Paul J. Krump sold 14,563 shares of the stock in a transaction dated 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 transaction, the insider now owns 78,863 shares of the company’s stock, valued at $11,185,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 69,175 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the transaction, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,341 shares of company stock worth $27,312,325. Corporate insiders own 0.43% of the company’s stock.

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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