OLD National Bancorp IN Has $1.44 Million Stake in D/B/A Chubb Limited New (CB)

OLD National Bancorp IN lifted its stake in D/B/A Chubb Limited New (NYSE:CB) by 8.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,116 shares of the financial services provider’s stock after acquiring an additional 810 shares during the period. OLD National Bancorp IN’s holdings in D/B/A Chubb Limited New were worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of D/B/A Chubb Limited New by 4.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,765 shares of the financial services provider’s stock worth $3,600,000 after acquiring an additional 1,060 shares during the period. Genesee Valley Trust Co. boosted its holdings in shares of D/B/A Chubb Limited New by 14.5% in the second quarter. Genesee Valley Trust Co. now owns 10,669 shares of the financial services provider’s stock worth $1,551,000 after acquiring an additional 1,351 shares during the period. Swiss National Bank boosted its holdings in shares of D/B/A Chubb Limited New by 3.0% in the second quarter. Swiss National Bank now owns 1,876,720 shares of the financial services provider’s stock worth $272,838,000 after acquiring an additional 54,500 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of D/B/A Chubb Limited New by 4.3% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 98,762 shares of the financial services provider’s stock worth $13,456,000 after acquiring an additional 4,046 shares during the period. Finally, Alpha Cubed Investments LLC boosted its holdings in shares of D/B/A Chubb Limited New by 14.0% in the second quarter. Alpha Cubed Investments LLC now owns 91,159 shares of the financial services provider’s stock worth $13,253,000 after acquiring an additional 11,166 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

In other news, insider John J. Lupica sold 16,674 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the sale, the insider now owns 100,822 shares in the company, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold a total of 68,723 shares of company stock worth $10,287,046 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 price target on shares of D/B/A Chubb Limited New in a report on Sunday. Citigroup Inc. lifted their price objective on D/B/A Chubb Limited New from $167.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday. UBS AG reissued a “buy” rating and set a $161.00 price objective (up previously from $152.00) on shares of D/B/A Chubb Limited New in a research note on Tuesday, August 1st. ValuEngine lowered D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research lowered D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $155.73.

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D/B/A Chubb Limited New (NYSE CB) opened at 151.62 on Wednesday. D/B/A Chubb Limited New has a 12-month low of $123.07 and a 12-month high of $156.00. The stock has a market cap of $70.57 billion, a P/E ratio of 13.33 and a beta of 0.92. The stock has a 50 day moving average price of $147.31 and a 200 day moving average price of $144.21.

D/B/A Chubb Limited New (NYSE:CB) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.11. The firm had revenue of $7.36 billion for the quarter, compared to analysts’ expectations of $7.14 billion. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 EPS. On average, analysts forecast that D/B/A Chubb Limited New will post $7.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is 34.05%.

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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