Boston Partners Sells 146,422 Shares of D/B/A Chubb Limited New (CB)

Boston Partners Sells 146,422 Shares of D/B/A Chubb Limited New (CB)

Boston Partners lowered its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 5,852,911 shares of the company’s stock after selling 146,422 shares during the period. D/B/A Chubb Limited New makes up approximately 1.0% of Boston Partners’ portfolio, making the stock its 15th largest position. Boston Partners’ holdings in D/B/A Chubb Limited New were worth $735,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Assetmark Inc. increased its position in D/B/A Chubb Limited New by 87.8% in the third quarter. Assetmark Inc. now owns 909 shares of the company’s stock worth $114,000 after buying an additional 425 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of D/B/A Chubb Limited New by 1.8% in the third quarter. Enterprise Financial Services Corp now owns 941 shares of the company’s stock worth $118,000 after buying an additional 17 shares in the last quarter. Cable Hill Partners LLC increased its stake in shares of D/B/A Chubb Limited New by 4.6% in the second quarter. Cable Hill Partners LLC now owns 1,010 shares of the company’s stock worth $133,000 after buying an additional 44 shares in the last quarter. Manchester Capital Management LLC bought a new stake in shares of D/B/A Chubb Limited New during the third quarter worth about $153,000. Finally, Pinkerton Retirement Specialists LLC bought a new stake in shares of D/B/A Chubb Limited New during the second quarter worth about $169,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

D/B/A Chubb Limited New (NYSE:CB) opened at 131.28 on Monday. The firm has a 50-day moving average price of $131.72 and a 200 day moving average price of $127.68. The stock has a market cap of $61.17 billion, a price-to-earnings ratio of 14.80 and a beta of 0.86. D/B/A Chubb Limited New has a 1-year low of $106.82 and a 1-year high of $133.89.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Tuesday, January 31st. The company reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.42 by $0.30. The company earned $6.94 billion during the quarter, compared to analysts’ expectations of $6.62 billion. D/B/A Chubb Limited New had a return on equity of 9.94% and a net margin of 12.99%. The firm’s quarterly revenue was up 91.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 EPS. On average, equities research analysts anticipate that D/B/A Chubb Limited New will post $10.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, December 30th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, December 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 31.33%.

CB has been the subject of a number of analyst reports. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Monday, October 31st. Goldman Sachs Group, Inc. (The) downgraded D/B/A Chubb Limited New from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $140.00 to $133.00 in a research report on Tuesday, November 15th. William Blair downgraded D/B/A Chubb Limited New from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Barclays PLC restated a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Friday, November 18th. Finally, Citigroup Inc. initiated coverage on D/B/A Chubb Limited New in a research report on Tuesday, November 22nd. They issued a “buy” rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. D/B/A Chubb Limited New currently has a consensus rating of “Hold” and a consensus target price of $136.08.

In other news, EVP Sean Ringsted sold 4,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 150,192 shares of the company’s stock, valued at approximately $18,999,288. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 132,219 shares of the company’s stock in a transaction 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 transaction, 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. Corporate insiders own 0.43% of the company’s stock.

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).

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