Citizens Financial Group Inc RI Sells 1,797 Shares of D/B/A Chubb Limited New (CB)

Citizens Financial Group Inc RI lowered its stake in D/B/A Chubb Limited New (NYSE:CB) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,127 shares of the financial services provider’s stock after selling 1,797 shares during the period. Citizens Financial Group Inc RI’s holdings in D/B/A Chubb Limited New were worth $9,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America grew its position 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 worth $245,000 after acquiring an additional 12 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in D/B/A Chubb Limited New by 0.4% in the second quarter. Kovitz Investment Group Partners LLC now owns 2,918 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 12 shares in the last quarter. Keel Point LLC grew its position in D/B/A Chubb Limited New by 0.7% in the first quarter. Keel Point LLC now owns 2,539 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 17 shares in the last quarter. Mackenzie Financial Corp grew its position in D/B/A Chubb Limited New by 0.5% in the first quarter. Mackenzie Financial Corp now owns 4,144 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 19 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in D/B/A Chubb Limited New by 0.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,438 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.

In related news, insider John W. Keogh sold 20,999 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John W. Keogh sold 48,245 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $147.25, for a total transaction of $7,104,076.25. Following the transaction, the insider now directly owns 256,860 shares of the company’s stock, valued at approximately $37,822,635. The disclosure for this sale can be found here. Insiders have sold a total of 136,848 shares of company stock valued at $20,231,762 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

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D/B/A Chubb Limited New (NYSE CB) traded up 0.08% during mid-day trading on Tuesday, hitting $145.99. 876,782 shares of the stock traded hands. D/B/A Chubb Limited New has a 12 month low of $121.48 and a 12 month high of $150.28. The stock has a market cap of $67.95 billion, a P/E ratio of 12.83 and a beta of 0.92. The stock has a 50-day moving average price of $144.84 and a 200-day moving average price of $141.65.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. On average, equities analysts forecast that D/B/A Chubb Limited New will post $10.25 earnings per share for the current year.

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

CB has been the subject of several recent research reports. Citigroup Inc. lifted their price target on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $155.00 price target on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 29th. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. raised their price objective on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Barclays PLC raised their price objective on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $154.09.

About D/B/A Chubb Limited New

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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