Canada Pension Plan Investment Board Has $108.53 Million Stake in Chubb Limited (NYSE:CB)

Canada Pension Plan Investment Board reduced its stake in shares of Chubb Limited (NYSE:CB) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,809 shares of the financial services provider’s stock after selling 6,777 shares during the period. Canada Pension Plan Investment Board owned 0.10% of Chubb worth $108,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Demars Financial Group LLC grew its holdings in Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares during the last quarter. Norges Bank acquired a new position in Chubb in the 4th quarter valued at $1,169,720,000. Raymond James Financial Inc. acquired a new position in Chubb during the 4th quarter worth $1,158,897,000. GQG Partners LLC lifted its position in Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its holdings in Chubb by 1,007,698.0% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock valued at $278,454,000 after acquiring an additional 1,007,698 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.1 %

NYSE CB opened at $285.29 on Friday. The stock’s 50 day simple moving average is $284.27 and its 200 day simple moving average is $281.25. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. The firm has a market cap of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Insider Buying and Selling

In other news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last quarter. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CB. JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. HSBC raised 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. Barclays reduced their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $307.21.

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.