D/B/A Chubb Limited New (CB) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. raised its stake in D/B/A Chubb Limited New (NYSE:CB) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,871 shares of the financial services provider’s stock after purchasing an additional 69 shares during the period. Raymond James Trust N.A.’s holdings in D/B/A Chubb Limited New were worth $6,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Guardian Life Insurance Co. of America increased its stake in D/B/A Chubb Limited New by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,795 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 12 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of D/B/A Chubb Limited New by 0.4% during the second quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock valued at $424,000 after buying an additional 12 shares during the last quarter. Keel Point LLC grew its holdings in shares of D/B/A Chubb Limited New by 0.7% during the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock valued at $346,000 after buying an additional 17 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of D/B/A Chubb Limited New by 0.5% during the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock valued at $565,000 after buying an additional 19 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of D/B/A Chubb Limited New by 0.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,438 shares of the financial services provider’s stock valued at $354,000 after buying an additional 22 shares during the last quarter. 86.93% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Timothy Alan Boroughs sold 15,555 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John W. Keogh sold 20,999 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $147.45, for a total transaction of $3,096,302.55. Following the completion of the transaction, the insider now directly owns 234,103 shares in the company, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. In the last three months, insiders sold 136,848 shares of company stock worth $20,231,762. 0.43% of the stock is currently owned by insiders.

CB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Barclays PLC lifted their price objective on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and set a $153.00 price objective on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $156.00 price objective (up from $152.00) on shares of D/B/A Chubb Limited New in a report on Thursday, July 6th. One investment 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. The company currently has a consensus rating of “Buy” and a consensus target price of $154.09.

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D/B/A Chubb Limited New (CB) traded up 0.09% on Tuesday, reaching $146.01. 816,484 shares of the company’s stock were exchanged. The company has a market cap of $67.96 billion, a PE ratio of 12.84 and a beta of 0.92. The firm’s 50 day moving average price is $144.84 and its 200 day moving average price is $141.65. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 EPS. On average, analysts expect that D/B/A Chubb Limited New will post $10.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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.

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

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