BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Holdings in D/B/A Chubb Limited New (CB)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 292,804 shares of the financial services provider’s stock after selling 5,782 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of D/B/A Chubb Limited New worth $41,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of D/B/A Chubb Limited New in the 1st quarter worth $4,495,000. Perigon Wealth Management LLC purchased a new stake in shares of D/B/A Chubb Limited New in the 1st quarter worth $1,294,000. Clearbridge Investments LLC increased its stake in shares of D/B/A Chubb Limited New by 3.3% in the 1st quarter. Clearbridge Investments LLC now owns 93,010 shares of the financial services provider’s stock worth $12,673,000 after purchasing an additional 2,994 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of D/B/A Chubb Limited New by 14.9% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 75,968 shares of the financial services provider’s stock worth $10,351,000 after purchasing an additional 9,830 shares in the last quarter. Finally, McQueen Ball & Associates Inc. increased its stake in shares of D/B/A Chubb Limited New by 2.4% in the 2nd quarter. McQueen Ball & Associates Inc. now owns 4,730 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 88.31% of the company’s stock.

In other D/B/A Chubb Limited New news, insider Paul Bennett Medini sold 5,180 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $150.48, for a total transaction of $779,486.40. Following the completion of the transaction, the insider now owns 91,775 shares of the company’s stock, valued at approximately $13,810,302. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John J. Lupica sold 16,674 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $152.02, for a total transaction of $2,534,781.48. The disclosure for this sale can be found here. Insiders have sold a total of 69,195 shares of company stock valued at $10,478,345 in the last three months. Insiders own 0.43% of the company’s stock.

Several equities research analysts have recently commented on CB shares. Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $155.00 target price on shares of D/B/A Chubb Limited New in a report on Tuesday, August 29th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $164.00 target price on shares of D/B/A Chubb Limited New in a report on Thursday, September 28th. J P Morgan Chase & Co raised shares of D/B/A Chubb Limited New from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. Finally, Citigroup upped their target price on shares of D/B/A Chubb Limited New from $167.00 to $173.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $160.09.

D/B/A Chubb Limited New (NYSE CB) opened at $150.18 on Wednesday. The firm has a market cap of $70,013.97, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.08 and a beta of 0.96. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. D/B/A Chubb Limited New has a 1-year low of $127.15 and a 1-year high of $156.00.

D/B/A Chubb Limited New (NYSE:CB) last issued its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, topping the 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 company had revenue of $7.36 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the firm posted $2.88 EPS. D/B/A Chubb Limited New’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts expect that D/B/A Chubb Limited New will post 7.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 28th. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is presently 34.05%.

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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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