Pittenger & Anderson Inc. Has $9.30 Million Holdings in D/B/A Chubb Limited New (CB)

Pittenger & Anderson Inc. lifted its stake in D/B/A Chubb Limited New (NYSE:CB) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,992 shares of the financial services provider’s stock after purchasing an additional 1,096 shares during the period. D/B/A Chubb Limited New makes up 0.9% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 16th largest holding. Pittenger & Anderson Inc.’s holdings in D/B/A Chubb Limited New were worth $9,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aberdeen Asset Management PLC UK lifted its stake in shares of D/B/A Chubb Limited New by 69.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 397,278 shares of the financial services provider’s stock valued at $57,756,000 after purchasing an additional 162,995 shares during the period. CIBC World Markets Inc. acquired a new stake in shares of D/B/A Chubb Limited New in the second quarter valued at about $394,000. Freestone Capital Holdings LLC lifted its stake in shares of D/B/A Chubb Limited New by 2.8% in the second quarter. Freestone Capital Holdings LLC now owns 6,480 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 174 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of D/B/A Chubb Limited New in the second quarter valued at about $106,000. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of D/B/A Chubb Limited New by 2.1% in the second quarter. Flagship Harbor Advisors LLC now owns 2,197 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Shares of D/B/A Chubb Limited New (NYSE:CB) opened at 143.51 on Friday. The company has a 50-day moving average of $144.78 and a 200-day moving average of $141.82. The stock has a market capitalization of $66.79 billion, a P/E ratio of 12.62 and a beta of 0.92. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28.

D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 earnings per share. Equities analysts expect that D/B/A Chubb Limited New will post $10.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 24.98%.

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In other D/B/A Chubb Limited New news, insider Philip V. Bancroft sold 47,049 shares of the stock in a transaction that occurred on 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 in the company, valued at $51,291,201.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy Alan Boroughs sold 15,555 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $146.52, for a total value of $2,279,118.60. Following the transaction, the insider now owns 198,109 shares in the company, valued at approximately $29,026,930.68. The disclosure for this sale can be found here. Insiders sold 67,604 shares of company stock valued at $10,031,383 over the last three months. 0.43% of the stock is owned by insiders.

A number of brokerages have issued reports on CB. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 target price on shares of D/B/A Chubb Limited New in a research report on Tuesday, August 29th. Barclays PLC lifted their target price on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Morgan Stanley restated an “overweight” rating and set a $156.00 target price (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New has a consensus rating of “Buy” and a consensus target price of $154.09.

About D/B/A Chubb Limited New

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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