New York State Teachers Retirement System Has $105.87 Million Position in D/B/A Chubb Limited New (NYSE:CB)

New York State Teachers Retirement System cut its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 777,034 shares of the financial services provider’s stock after selling 14,873 shares during the period. New York State Teachers Retirement System owned about 0.17% of D/B/A Chubb Limited New worth $105,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock valued at $4,698,178,000 after buying an additional 1,863,310 shares during the last quarter. American Century Companies Inc. boosted its position in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock worth $582,952,000 after buying an additional 867,114 shares in the last quarter. Karp Capital Management Corp boosted its position in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock worth $57,022,000 after buying an additional 401,394 shares in the last quarter. Swiss National Bank boosted its position in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock worth $248,277,000 after buying an additional 364,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of D/B/A Chubb Limited New by 7.4% in the first quarter. Geode Capital Management LLC now owns 4,350,776 shares of the financial services provider’s stock valued at $591,916,000 after buying an additional 298,221 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) opened at 146.44 on Friday. The company has a 50-day moving average of $146.35 and a 200 day moving average of $140.17. The company has a market cap of $68.16 billion, a P/E ratio of 12.87 and a beta of 0.91. 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 announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. During the same period in the previous year, the business posted $2.25 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.94%. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.

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A number of research analysts recently commented on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Royal Bank Of Canada raised their target price on shares of D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods restated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Thursday, April 27th. Morgan Stanley raised their price objective on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Finally, BidaskClub raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. D/B/A Chubb Limited New currently has an average rating of “Buy” and an average price target of $154.09.

In related news, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.71, for a total value of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares in the company, valued at $15,094,061.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the completion of the transaction, the insider now owns 344,560 shares in the company, valued at $51,291,201.60. The disclosure for this sale can be found here. Insiders sold a total of 234,390 shares of company stock worth $34,316,039 over the last 90 days. 0.43% of the stock is currently owned by company 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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