Franklin Parlapiano Turner & Welch LLC Buys Shares of 32,992 D/B/A Chubb Limited New (NYSE:CB)

Franklin Parlapiano Turner & Welch LLC acquired a new stake in D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 32,992 shares of the financial services provider’s stock, valued at approximately $4,495,000. D/B/A Chubb Limited New comprises approximately 2.1% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of D/B/A Chubb Limited New by 2,876.2% in the first quarter. BlackRock Inc. now owns 28,903,127 shares of the financial services provider’s stock worth $3,938,050,000 after buying an additional 27,931,997 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of D/B/A Chubb Limited New by 5.7% in the first quarter. Vanguard Group Inc. now owns 34,482,034 shares of the financial services provider’s stock worth $4,698,178,000 after buying an additional 1,863,310 shares during the last quarter. American Century Companies Inc. increased its stake in shares of D/B/A Chubb Limited New by 25.4% in the first quarter. American Century Companies Inc. now owns 4,278,548 shares of the financial services provider’s stock worth $582,952,000 after buying an additional 867,114 shares during the last quarter. Karp Capital Management Corp increased its stake in shares of D/B/A Chubb Limited New by 2,344.9% in the first quarter. Karp Capital Management Corp now owns 418,512 shares of the financial services provider’s stock worth $57,022,000 after buying an additional 401,394 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of D/B/A Chubb Limited New by 25.0% in the first quarter. Swiss National Bank now owns 1,822,220 shares of the financial services provider’s stock worth $248,277,000 after buying an additional 364,000 shares during the last quarter. 87.80% of the stock is owned by institutional investors.

D/B/A Chubb Limited New (NYSE:CB) opened at 145.44 on Friday. The company has a market capitalization of $67.69 billion, a price-to-earnings ratio of 12.79 and a beta of 0.91. The stock has a 50 day moving average price of $146.62 and a 200-day moving average price of $140.68. 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 issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the prior year, the business posted $2.25 EPS. D/B/A Chubb Limited New’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts predict that D/B/A Chubb Limited New will post $10.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

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CB has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Friday, April 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Barclays PLC increased their price target on D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $153.00 price target on shares of D/B/A Chubb Limited New in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $154.09.

In related news, insider Philip V. Bancroft sold 47,049 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul J. Krump sold 14,563 shares of D/B/A Chubb Limited New stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $141.84, for a total transaction of $2,065,615.92. Following the transaction, the insider now directly owns 78,863 shares in the company, valued at $11,185,927.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 234,390 shares of company stock valued at $34,316,039. 0.43% of the stock is owned by insiders.

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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