Greenleaf Trust Has $13.69 Million Stake in D/B/A Chubb Limited New (NYSE:CB)

Greenleaf Trust decreased its stake in D/B/A Chubb Limited New (NYSE:CB) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,192 shares of the financial services provider’s stock after selling 8,778 shares during the period. D/B/A Chubb Limited New makes up about 0.3% of Greenleaf Trust’s holdings, making the stock its 9th largest position. Greenleaf Trust’s holdings in D/B/A Chubb Limited New were worth $13,694,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CB. Berkshire Asset Management LLC PA raised its position in shares of D/B/A Chubb Limited New by 9.8% in the first quarter. Berkshire Asset Management LLC PA now owns 81,344 shares of the financial services provider’s stock worth $11,083,000 after buying an additional 7,229 shares in the last quarter. Woodstock Corp increased its stake in D/B/A Chubb Limited New by 2.9% in the first quarter. Woodstock Corp now owns 21,185 shares of the financial services provider’s stock worth $2,886,000 after buying an additional 600 shares during the last quarter. Integrated Wealth Management increased its stake in D/B/A Chubb Limited New by 5.3% in the first quarter. Integrated Wealth Management now owns 2,497 shares of the financial services provider’s stock worth $340,000 after buying an additional 125 shares during the last quarter. Torch Wealth Management LLC increased its stake in D/B/A Chubb Limited New by 0.9% in the first quarter. Torch Wealth Management LLC now owns 14,620 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 135 shares during the last quarter. Finally, Mycio Wealth Partners LLC increased its stake in D/B/A Chubb Limited New by 6.7% in the first quarter. Mycio Wealth Partners LLC now owns 948,275 shares of the financial services provider’s stock worth $129,202,000 after buying an additional 59,485 shares during the last quarter. 87.80% of the stock is currently owned by institutional investors and hedge funds.

D/B/A Chubb Limited New (NYSE:CB) traded down 0.35% during mid-day trading on Friday, reaching $145.44. 1,054,117 shares of the company traded hands. D/B/A Chubb Limited New has a 52-week low of $121.48 and a 52-week high of $150.28. The stock has a 50-day moving average of $146.62 and a 200 day moving average of $140.68. The stock has a market capitalization of $67.69 billion, a PE ratio of 12.79 and a beta of 0.91.

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 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. D/B/A Chubb Limited New had a net margin of 16.68% and a return on equity of 10.18%. The firm 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 earnings per share. D/B/A Chubb Limited New’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

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

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A number of research firms have commented on CB. UBS AG reiterated a “buy” rating and issued a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $155.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. Raymond James Financial, Inc. increased their price objective on shares of D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $165.00 price objective on shares of D/B/A Chubb Limited New in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. D/B/A Chubb Limited New has an average rating of “Buy” and a consensus price target of $154.09.

In other news, CEO Evan G. Greenberg sold 69,175 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $144.73, for a total value of $10,011,697.75. Following the completion of the sale, the chief executive officer now owns 1,360,382 shares of the company’s stock, valued at $196,888,086.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 13,804 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $145.39, for a total transaction of $2,006,963.56. Following the completion of the transaction, the chief executive officer now owns 1,351,207 shares of the company’s stock, valued at $196,451,985.73. The disclosure for this sale can be found here. Insiders sold 234,390 shares of company stock valued at $34,316,039 in the last three months. Company insiders own 0.43% of the company’s stock.

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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