WBI Investments Inc. Grows Holdings in D/B/A Chubb Limited New (CB)

WBI Investments Inc. raised its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 125.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,770 shares of the financial services provider’s stock after purchasing an additional 121,785 shares during the period. D/B/A Chubb Limited New makes up approximately 1.4% of WBI Investments Inc.’s holdings, making the stock its 16th largest holding. WBI Investments Inc.’s holdings in D/B/A Chubb Limited New were worth $31,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cadence Bank NA grew its stake in shares of D/B/A Chubb Limited New by 5.1% during the first quarter. Cadence Bank NA now owns 2,196 shares of the financial services provider’s stock valued at $299,000 after buying an additional 106 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of D/B/A Chubb Limited New by 1.1% in the first quarter. Tocqueville Asset Management L.P. now owns 13,906 shares of the financial services provider’s stock worth $1,895,000 after purchasing an additional 156 shares during the last quarter. Wright Investors Service Inc. grew its stake in shares of D/B/A Chubb Limited New by 8.2% in the first quarter. Wright Investors Service Inc. now owns 3,441 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 260 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of D/B/A Chubb Limited New in the first quarter worth about $576,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of D/B/A Chubb Limited New by 3.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 79,504 shares of the financial services provider’s stock worth $10,832,000 after purchasing an additional 2,804 shares during the last quarter. Institutional investors and hedge funds own 86.93% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE CB) traded up 0.08% during mid-day trading on Tuesday, hitting $146.00. 876,679 shares of the stock traded hands. The company has a market cap of $67.95 billion, a P/E ratio of 12.84 and a beta of 0.92. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The firm has a 50 day moving average of $144.84 and a 200 day moving average of $141.65.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company 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%. D/B/A Chubb Limited New’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 earnings per share. Equities analysts anticipate that D/B/A Chubb Limited New will post $10.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend 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%.

In other news, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 198,109 shares in the company, valued at approximately $29,026,930.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John W. Keogh sold 20,999 shares of the stock in a transaction dated Friday, June 16th. The shares were 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 owns 234,103 shares of the company’s stock, valued at approximately $34,518,487.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,848 shares of company stock valued at $20,231,762. Company insiders own 0.43% of the company’s stock.

Several research firms have recently issued reports on CB. Barclays PLC lifted their target price 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 restated a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and issued 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. Zacks Investment Research lowered shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New presently has a consensus rating of “Buy” and a consensus price target of $154.09.

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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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