D/B/A Chubb Limited New (CB) Stake Maintained by South Dakota Investment Council

South Dakota Investment Council continued to hold its position in shares of D/B/A Chubb Limited New (NYSE:CB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,900 shares of the financial services provider’s stock at the end of the 2nd quarter. South Dakota Investment Council’s holdings in D/B/A Chubb Limited New were worth $6,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC World Markets Inc. acquired a new stake in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $394,000. Freestone Capital Holdings LLC raised its stake in shares of D/B/A Chubb Limited New by 2.8% in the 2nd quarter. Freestone Capital Holdings LLC now owns 6,480 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 174 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $106,000. Flagship Harbor Advisors LLC raised its stake in shares of D/B/A Chubb Limited New by 2.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,197 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 45 shares during the period. Finally, HRT Financial LLC acquired a new stake in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $691,000. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on CB. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $155.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, July 27th. BidaskClub raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. UBS AG reissued a “buy” rating and issued a $161.00 price target (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $154.09.

D/B/A Chubb Limited New (CB) opened at 140.85 on Friday. The company has a market cap of $65.55 billion, a PE ratio of 12.38 and a beta of 0.92. The stock has a 50 day moving average price of $144.90 and a 200 day moving average price of $141.57. D/B/A Chubb Limited New has a one year low of $121.48 and a one year high of $150.28.

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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. The firm had revenue of $7.58 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a yield of 2.02%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.

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In other news, CEO Evan G. Greenberg sold 13,804 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the completion of the transaction, the chief executive officer now directly owns 1,351,207 shares of the company’s stock, valued at approximately $196,451,985.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John W. Keogh sold 48,245 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were 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 $37,822,635. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,652 shares of company stock valued at $22,238,725. Company 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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