AGF Investments America Inc. Purchases 746 Shares of D/B/A Chubb Limited New (CB)

AGF Investments America Inc. boosted its stake in shares of D/B/A Chubb Limited New (NYSE:CB) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,780 shares of the financial services provider’s stock after buying an additional 746 shares during the period. D/B/A Chubb Limited New accounts for approximately 2.4% of AGF Investments America Inc.’s portfolio, making the stock its 12th largest position. AGF Investments America Inc.’s holdings in D/B/A Chubb Limited New were worth $5,829,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CB. Norinchukin Bank The raised its position in D/B/A Chubb Limited New by 13.3% in the first quarter. Norinchukin Bank The now owns 16,370 shares of the financial services provider’s stock valued at $2,230,000 after buying an additional 1,926 shares in the last quarter. Pitcairn Co. raised its position in D/B/A Chubb Limited New by 14.2% in the first quarter. Pitcairn Co. now owns 3,581 shares of the financial services provider’s stock valued at $488,000 after buying an additional 444 shares in the last quarter. Buckingham Asset Management LLC bought a new position in D/B/A Chubb Limited New during the first quarter valued at about $206,000. State of Wisconsin Investment Board raised its position in D/B/A Chubb Limited New by 9.5% in the first quarter. State of Wisconsin Investment Board now owns 668,273 shares of the financial services provider’s stock valued at $91,052,000 after buying an additional 58,046 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in D/B/A Chubb Limited New by 33.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 3,034 shares of the financial services provider’s stock valued at $413,000 after buying an additional 768 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for D/B/A Chubb Limited New (NYSE:CB)

Shares of D/B/A Chubb Limited New (CB) opened at 147.58 on Friday. D/B/A Chubb Limited New has a 12-month low of $121.08 and a 12-month high of $147.95. The company has a 50-day moving average price of $141.11 and a 200 day moving average price of $136.06. The company has a market capitalization of $68.91 billion, a P/E ratio of 14.54 and a beta of 0.90.

D/B/A Chubb Limited New (NYSE:CB) last released its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.06. D/B/A Chubb Limited New had a return on equity of 10.09% and a net margin of 14.88%. The company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $6.30 billion. During the same period last year, the business posted $2.26 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that D/B/A Chubb Limited New will post $10.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, June 30th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, June 28th. This is a boost from D/B/A Chubb Limited New’s previous quarterly dividend of $0.69. This represents a $2.84 dividend on an annualized basis and a yield of 1.92%. D/B/A Chubb Limited New’s dividend payout ratio (DPR) is 27.22%.

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Several equities analysts have recently issued reports on CB shares. Credit Suisse Group set a $145.00 price target on D/B/A Chubb Limited New and gave the stock a “buy” rating in a research report on Saturday, March 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $157.00 price target (up previously from $147.00) on shares of D/B/A Chubb Limited New in a research report on Friday, April 7th. Wells Fargo & Company reaffirmed a “buy” rating on shares of D/B/A Chubb Limited New in a research report on Wednesday, April 26th. Royal Bank Of Canada lifted their price target on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. D/B/A Chubb Limited New presently has a consensus rating of “Buy” and a consensus target price of $145.60.

In other D/B/A Chubb Limited New news, insider Paul J. Krump sold 14,563 shares of the 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 completion of the sale, the insider now directly owns 78,863 shares in the company, valued at $11,185,927.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 13,804 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the completion of the sale, 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. Over the last quarter, insiders sold 97,542 shares of company stock valued at $14,084,277. 0.43% of the stock is currently owned by company 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.

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