Clinton Group Inc. reduced its position in D/B/A Chubb Limited New (NYSE:CB) by 72.1% during the third quarter, Holdings Channel reports. The firm owned 10,144 shares of the company’s stock after selling 26,219 shares during the period. Clinton Group Inc.’s holdings in D/B/A Chubb Limited New were worth $1,275,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL purchased a new stake in D/B/A Chubb Limited New during the second quarter worth approximately $203,000. Moody Lynn & Lieberson LLC increased its stake in D/B/A Chubb Limited New by 0.5% in the second quarter. Moody Lynn & Lieberson LLC now owns 15,398 shares of the company’s stock worth $2,013,000 after buying an additional 84 shares in the last quarter. Cooke & Bieler LP increased its stake in D/B/A Chubb Limited New by 37.7% in the second quarter. Cooke & Bieler LP now owns 583,427 shares of the company’s stock worth $76,260,000 after buying an additional 159,607 shares in the last quarter. Signaturefd LLC increased its stake in D/B/A Chubb Limited New by 2.5% in the second quarter. Signaturefd LLC now owns 2,284 shares of the company’s stock worth $299,000 after buying an additional 55 shares in the last quarter. Finally, Monarch Capital Management Inc. increased its stake in D/B/A Chubb Limited New by 0.7% in the second quarter. Monarch Capital Management Inc. now owns 6,628 shares of the company’s stock worth $866,000 after buying an additional 45 shares in the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.
Shares of D/B/A Chubb Limited New (NYSE:CB) traded up 0.06% during mid-day trading on Wednesday, reaching $130.83. The company’s stock had a trading volume of 983,391 shares. D/B/A Chubb Limited New has a one year low of $109.36 and a one year high of $133.89. The stock has a 50 day moving average of $131.54 and a 200-day moving average of $127.73. The stock has a market cap of $60.96 billion, a P/E ratio of 14.75 and a beta of 0.86.
D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, January 31st. The company reported $2.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.30. The firm had revenue of $6.94 billion for the quarter, compared to analyst estimates of $6.62 billion. D/B/A Chubb Limited New had a net margin of 12.99% and a return on equity of 9.94%. The business’s revenue for the quarter was up 91.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.38 EPS. On average, equities research analysts expect that D/B/A Chubb Limited New will post $10.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, December 30th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Wednesday, December 28th. D/B/A Chubb Limited New’s payout ratio is presently 31.33%.
A number of brokerages have issued reports on CB. Zacks Investment Research downgraded D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research report on Wednesday, December 14th. JMP Securities upped their price objective on D/B/A Chubb Limited New from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Credit Suisse Group restated a “buy” rating and set a $145.00 price objective on shares of D/B/A Chubb Limited New in a research report on Sunday. Citigroup Inc. began coverage on D/B/A Chubb Limited New in a research report on Tuesday, November 22nd. They set a “buy” rating and a $147.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) downgraded D/B/A Chubb Limited New from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $133.00 in a research report on Tuesday, November 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $136.08.
In other D/B/A Chubb Limited New news, EVP Sean Ringsted sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the sale, the executive vice president now owns 150,192 shares of the company’s stock, valued at $18,999,288. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 132,219 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $132.97, for a total value of $17,581,160.43. Following the completion of the sale, the chief executive officer now directly owns 1,487,338 shares in the company, valued at approximately $197,771,333.86. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.
About D/B/A Chubb Limited New
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D/B/A Chubb Limited New (NYSE:CB).