Lockheed Martin Investment Management Co. Raises Stake in D/B/A Chubb Limited New (CB)

Lockheed Martin Investment Management Co. lifted its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,700 shares of the financial services provider’s stock after acquiring an additional 9,050 shares during the period. Lockheed Martin Investment Management Co.’s holdings in D/B/A Chubb Limited New were worth $9,793,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CB. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in D/B/A Chubb Limited New by 4.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 1,060 shares during the last quarter. Genesee Valley Trust Co. boosted its holdings in D/B/A Chubb Limited New by 14.5% during the second quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 1,351 shares during the last quarter. Swiss National Bank boosted its holdings in D/B/A Chubb Limited New by 3.0% during the second quarter. Swiss National Bank now owns 1,876,720 shares of the financial services provider’s stock worth $272,838,000 after purchasing an additional 54,500 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in D/B/A Chubb Limited New by 14.0% during the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after purchasing an additional 11,166 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in D/B/A Chubb Limited New by 1.9% during the first quarter. Fifth Third Bancorp now owns 284,381 shares of the financial services provider’s stock worth $38,747,000 after purchasing an additional 5,245 shares during the last quarter. 86.93% of the stock is owned by institutional investors.

CB has been the subject of several recent research reports. Zacks Investment Research cut shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. 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 note on Tuesday, August 29th. Raymond James Financial, Inc. increased their price target on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Wells Fargo & Company reiterated a “buy” rating and issued a $164.00 price target on shares of D/B/A Chubb Limited New in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reiterated 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $156.55.

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Shares of D/B/A Chubb Limited New (NYSE CB) traded down $0.01 on Tuesday, hitting $151.34. 1,065,300 shares of the stock traded hands, compared to its average volume of 1,416,793. The company has a market capitalization of $70,260.01, a price-to-earnings ratio of 19.99, a PEG ratio of 2.04 and a beta of 0.96. D/B/A Chubb Limited New has a 52 week low of $124.10 and a 52 week high of $156.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30.

D/B/A Chubb Limited New (NYSE:CB) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 earnings per share. sell-side analysts expect that D/B/A Chubb Limited New will post 7.44 EPS for the current year.

In related news, insider Paul Bennett Medini sold 5,180 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $150.48, for a total transaction of $779,486.40. Following the transaction, the insider now directly owns 91,775 shares of the company’s stock, valued at $13,810,302. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $152.02, for a total transaction of $2,534,781.48. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.

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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