Desjardins Global Asset Management Inc. Has $1.78 Million Holdings in Chubb Limited (NYSE:CB)

Desjardins Global Asset Management Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,887 shares of the financial services provider’s stock after purchasing an additional 498 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Chubb were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Americana Partners LLC purchased a new position in shares of Chubb in the 3rd quarter worth about $292,000. Lazard Asset Management LLC grew its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares during the last quarter. Graypoint LLC raised its holdings in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at approximately $1,403,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

NYSE CB opened at $245.25 on Wednesday. The company has a market capitalization of $99.57 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a fifty day moving average of $252.50 and a 200-day moving average of $233.73.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, equities research analysts predict that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Transactions at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CB. Piper Sandler reissued an “overweight” rating and issued a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. Morgan Stanley boosted their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday. HSBC reiterated a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Royal Bank of Canada upped their price target on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Raymond James boosted their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

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.