Bank of Montreal Can Sells 41,374 Shares of Chubb Limited (NYSE:CB)

Bank of Montreal Can lessened its stake in shares of Chubb Limited (NYSE:CB) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 623,765 shares of the financial services provider’s stock after selling 41,374 shares during the period. Bank of Montreal Can owned 0.15% of Chubb worth $172,346,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Chubb in the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Chubb in the 4th quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.14.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 2.3 %

Shares of NYSE CB opened at $274.13 on Tuesday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91. The stock’s fifty day moving average is $282.20 and its 200 day moving average is $281.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $109.76 billion, a P/E ratio of 12.07, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

About Chubb

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.