Girard Partners LTD. lowered its position in shares of D/B/A Chubb Limited New (NYSE:CB) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,683 shares of the financial services provider’s stock after selling 582 shares during the period. Girard Partners LTD.’s holdings in D/B/A Chubb Limited New were worth $383,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CB. Point72 Asia Hong Kong Ltd acquired a new position in D/B/A Chubb Limited New in the first quarter valued at $101,000. Manchester Capital Management LLC acquired a new position in D/B/A Chubb Limited New in the second quarter valued at $106,000. Atlantic Trust LLC acquired a new position in D/B/A Chubb Limited New in the second quarter valued at $116,000. Shine Investment Advisory Services Inc. acquired a new position in D/B/A Chubb Limited New in the second quarter valued at $185,000. Finally, Independent Portfolio Consultants Inc. boosted its stake in D/B/A Chubb Limited New by 63.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Several research firms have issued reports on CB. J P Morgan Chase & Co upgraded shares of D/B/A Chubb Limited New from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS AG upped their target price on shares of D/B/A Chubb Limited New from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Citigroup Inc. upped their target price on shares of D/B/A Chubb Limited New from $167.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 target price on shares of D/B/A Chubb Limited New in a report on Sunday, October 29th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $158.90.

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In other news, insider John J. Lupica sold 16,674 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total value of $2,534,781.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sean Ringsted sold 28,730 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $151.40, for a total transaction of $4,349,722.00. Following the completion of the transaction, the executive vice president now directly owns 171,667 shares in the company, valued at approximately $25,990,383.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,584 shares of company stock worth $7,663,990. 0.43% of the stock is owned by company insiders.

Shares of D/B/A Chubb Limited New (CB) traded up $0.37 during midday trading on Tuesday, reaching $149.00. 983,200 shares of the company were exchanged, compared to its average volume of 1,411,991. D/B/A Chubb Limited New has a 1 year low of $125.70 and a 1 year high of $156.00. The firm has a market capitalization of $69,170.00, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the business earned $2.88 earnings per share. D/B/A Chubb Limited New’s revenue was up 4.6% compared to the same quarter last year. analysts anticipate that D/B/A Chubb Limited New will post 7.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 29th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.91%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is currently 34.05%.

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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