D/B/A Chubb Limited New (CB) is Grisanti Capital Management LLC’s 7th Largest Position

D/B/A Chubb Limited New (CB) is Grisanti Capital Management LLC’s 7th Largest Position

Grisanti Capital Management LLC reduced its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,190 shares of the company’s stock after selling 15,425 shares during the period. D/B/A Chubb Limited New makes up 5.1% of Grisanti Capital Management LLC’s holdings, making the stock its 7th largest position. Grisanti Capital Management LLC’s holdings in D/B/A Chubb Limited New were worth $10,452,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Kanawha Capital Management LLC increased its position in D/B/A Chubb Limited New by 1.4% in the second quarter. Kanawha Capital Management LLC now owns 38,646 shares of the company’s stock valued at $5,051,000 after buying an additional 520 shares during the period. Tocqueville Asset Management L.P. increased its position in D/B/A Chubb Limited New by 27.0% in the second quarter. Tocqueville Asset Management L.P. now owns 11,374 shares of the company’s stock valued at $1,487,000 after buying an additional 2,421 shares during the period. Monarch Capital Management Inc. increased its position 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 valued at $866,000 after buying an additional 45 shares during the period. Signaturefd LLC increased its position 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 valued at $299,000 after buying an additional 55 shares during the period. Finally, Cooke & Bieler LP increased its position 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 valued at $76,260,000 after buying an additional 159,607 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) opened at 133.30 on Friday. D/B/A Chubb Limited New has a 1-year low of $106.82 and a 1-year high of $133.89. The stock has a 50 day moving average price of $131.99 and a 200 day moving average price of $127.64. The firm has a market cap of $62.03 billion, a P/E ratio of 17.86 and a beta of 0.84.

The business also recently announced a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, December 30th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Wednesday, December 28th. D/B/A Chubb Limited New’s payout ratio is presently 36.90%.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research note on Wednesday, December 14th. JMP Securities upped their price target on shares of D/B/A Chubb Limited New from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 23rd. Citigroup Inc. initiated coverage on shares of 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 for the company. Finally, Goldman Sachs Group, Inc. (The) cut shares of D/B/A Chubb Limited New from a “buy” rating to a “neutral” rating and cut their price objective for the stock 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 issued a hold rating and eight have issued a buy rating to the company. D/B/A Chubb Limited New currently has an average rating of “Hold” and a consensus price target of $134.64.

In other D/B/A Chubb Limited New news, CEO Evan G. Greenberg sold 132,219 shares of D/B/A Chubb Limited New stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $132.97, for a total transaction of $17,581,160.43. Following the completion of the transaction, the chief executive officer now owns 1,487,338 shares of the company’s stock, valued at approximately $197,771,333.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sean Ringsted sold 4,000 shares of D/B/A Chubb Limited New stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 150,192 shares of the company’s stock, valued at approximately $18,999,288. The disclosure for this sale can be found here. 0.43% of the stock is 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.

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