Pillar Pacific Capital Management LLC grew its holdings in D/B/A Chubb Limited New (NYSE:CB) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,837 shares of the financial services provider’s stock after acquiring an additional 2,605 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in D/B/A Chubb Limited New were worth $5,108,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of D/B/A Chubb Limited New in the 1st quarter valued at about $101,000. Manchester Capital Management LLC purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $106,000. Atlantic Trust LLC purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $116,000. SRS Capital Advisors Inc. increased its holdings in shares of D/B/A Chubb Limited New by 22.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 254 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of D/B/A Chubb Limited New in the 2nd quarter valued at about $185,000. Institutional investors and hedge funds own 86.99% of the company’s stock.
In other news, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total transaction of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at $15,094,061.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 16,674 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Insiders have sold 68,723 shares of company stock valued at $10,287,046 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
D/B/A Chubb Limited New (NYSE:CB) last posted its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The company had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.14 billion. D/B/A Chubb Limited New had a return on equity of 7.22% and a net margin of 12.15%. 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 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 29th were issued 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 (DPR) is presently 34.05%.
A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $153.00 price objective on shares of D/B/A Chubb Limited New in a report on Sunday. UBS AG upped their target price on D/B/A Chubb Limited New from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup Inc. upped their target price on D/B/A Chubb Limited New from $167.00 to $173.00 and gave the company a “neutral” rating in a research report on Monday. Zacks Investment Research raised D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine cut D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. D/B/A Chubb Limited New presently has an average rating of “Hold” and an average price target of $156.55.
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.
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