D/B/A Chubb Limited New (CB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 31.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,954,961 shares of the financial services provider’s stock after selling 902,500 shares during the period. Renaissance Technologies LLC owned approximately 0.42% of D/B/A Chubb Limited New worth $266,363,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CB. Berkshire Asset Management LLC PA raised its position in D/B/A Chubb Limited New by 9.8% in the first quarter. Berkshire Asset Management LLC PA now owns 81,344 shares of the financial services provider’s stock valued at $11,083,000 after buying an additional 7,229 shares during the last quarter. Woodstock Corp increased its stake in D/B/A Chubb Limited New by 2.9% in the first quarter. Woodstock Corp now owns 21,185 shares of the financial services provider’s stock worth $2,886,000 after buying an additional 600 shares during the period. Integrated Wealth Management increased its stake in D/B/A Chubb Limited New by 5.3% in the first quarter. Integrated Wealth Management now owns 2,497 shares of the financial services provider’s stock worth $340,000 after buying an additional 125 shares during the period. Torch Wealth Management LLC increased its stake in D/B/A Chubb Limited New by 0.9% in the first quarter. Torch Wealth Management LLC now owns 14,620 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 135 shares during the period. Finally, Mycio Wealth Partners LLC increased its stake in D/B/A Chubb Limited New by 6.7% in the first quarter. Mycio Wealth Partners LLC now owns 948,275 shares of the financial services provider’s stock worth $129,202,000 after buying an additional 59,485 shares during the period. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Shares of D/B/A Chubb Limited New (CB) opened at 146.44 on Friday. The firm has a market cap of $68.16 billion, a PE ratio of 12.87 and a beta of 0.91. D/B/A Chubb Limited New has a 52 week low of $121.48 and a 52 week high of $150.28. The firm’s 50-day moving average price is $146.35 and its 200 day moving average price is $140.17.

D/B/A Chubb Limited New (NYSE:CB) last released its earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.06 billion. During the same period last year, the business earned $2.25 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that D/B/A Chubb Limited New will post $10.27 EPS for the current year.

The company also recently announced 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. 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 (DPR) is presently 24.98%.

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CB has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Wells Fargo & Company reissued a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Citigroup Inc. upped their target price 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. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Raymond James Financial, Inc. upped their target price on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $154.09.

In other D/B/A Chubb Limited New news, insider Paul J. Krump sold 14,563 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the completion of the transaction, the insider now owns 78,863 shares in the company, valued at $11,185,927.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 234,390 shares of company stock worth $34,316,039. 0.43% of the stock is 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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