9,453 Shares in D/B/A Chubb Limited New (NYSE:CB) Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new stake in D/B/A Chubb Limited New (NYSE:CB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,453 shares of the financial services provider’s stock, valued at approximately $1,294,000.

Several other hedge funds have also recently added to or reduced their stakes in CB. Vanguard Group Inc. boosted its stake in 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 valued at $4,698,178,000 after buying an additional 1,863,310 shares during the period. FMR LLC boosted its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. FMR LLC now owns 29,155,749 shares of the financial services provider’s stock valued at $3,972,471,000 after buying an additional 294,867 shares during the period. BlackRock Inc. boosted its stake in 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 valued at $3,938,050,000 after buying an additional 27,931,997 shares during the period. State Street Corp boosted its stake in D/B/A Chubb Limited New by 1.0% in the first quarter. State Street Corp now owns 22,102,116 shares of the financial services provider’s stock valued at $3,011,419,000 after buying an additional 212,643 shares during the period. Finally, Bank of America Corp DE boosted its stake in D/B/A Chubb Limited New by 1.5% in the first quarter. Bank of America Corp DE now owns 9,794,936 shares of the financial services provider’s stock valued at $1,334,559,000 after buying an additional 145,358 shares during the period. Institutional investors own 87.80% of the company’s stock.

D/B/A Chubb Limited New (NYSE CB) opened at 145.44 on Friday. The firm’s 50-day moving average is $146.62 and its 200 day moving average is $140.68. The stock has a market capitalization of $67.69 billion, a P/E ratio of 12.79 and a beta of 0.91. 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 for the quarter, beating the Zacks’ 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 company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. During the same period in the prior year, the company earned $2.25 EPS. D/B/A Chubb Limited New’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders 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 yield of 1.95%. The ex-dividend date of this dividend is Thursday, September 28th. D/B/A Chubb Limited New’s payout ratio is 24.98%.

COPYRIGHT VIOLATION NOTICE: “9,453 Shares in D/B/A Chubb Limited New (NYSE:CB) Acquired by Perigon Wealth Management LLC” was published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/perigon-wealth-management-llc-invests-1-29-million-in-dba-chubb-limited-new-nysecb-updated.html.

A number of equities analysts have recently issued reports on CB shares. Morgan Stanley increased their price target on shares of D/B/A Chubb Limited New from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Wells Fargo & Company reiterated a “buy” rating on shares of D/B/A Chubb Limited New in a report on Wednesday, April 26th. Barclays PLC increased their price target on shares of D/B/A Chubb Limited New from $155.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $153.00 price target on shares of D/B/A Chubb Limited New in a report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $154.09.

In other D/B/A Chubb Limited New news, CEO Evan G. Greenberg sold 69,175 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the sale, the chief executive officer now owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul J. Krump sold 14,563 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $141.84, for a total value of $2,065,615.92. Following the sale, the insider now owns 78,863 shares in the company, valued at approximately $11,185,927.92. The disclosure for this sale can be found here. Insiders sold a total of 234,390 shares of company stock valued at $34,316,039 over the last three months. 0.43% of the stock is owned by corporate insiders.

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)

Receive News & Ratings for D/B/A Chubb Limited New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D/B/A Chubb Limited New and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply