Chubb Limited (NYSE:CB) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Chubb Limited (NYSE:CB) by 49.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,172,267 shares of the financial services provider’s stock after acquiring an additional 389,343 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Chubb were worth $338,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new stake in Chubb in the 1st quarter worth about $25,000. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the second quarter worth approximately $28,000. Finally, Kozak & Associates Inc. acquired a new position in shares of Chubb in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $288.73 on Friday. The stock’s 50 day moving average is $287.30 and its two-hundred day moving average is $275.50. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The company has a market capitalization of $116.39 billion, a PE ratio of 11.82, a P/E/G ratio of 6.77 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s payout ratio is 14.91%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,715 shares of company stock worth $23,803,540. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.