Chubb Limited (NYSE:CB) Stock Position Decreased by National Bank of Canada FI

National Bank of Canada FI decreased its position in Chubb Limited (NYSE:CB) by 47.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 210,783 shares of the financial services provider’s stock after selling 190,374 shares during the period. National Bank of Canada FI’s holdings in Chubb were worth $47,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Everhart Financial Group Inc. increased its stake in Chubb by 15.3% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,290 shares of the financial services provider’s stock valued at $269,000 after buying an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Chubb by 4.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,322 shares of the financial services provider’s stock valued at $31,086,000 after buying an additional 6,152 shares during the period. Mackenzie Financial Corp increased its stake in shares of Chubb by 1.2% during the 3rd quarter. Mackenzie Financial Corp now owns 74,041 shares of the financial services provider’s stock worth $15,172,000 after purchasing an additional 906 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Chubb by 17.9% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,685 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 256 shares during the last quarter. Finally, Calamos Wealth Management LLC boosted its holdings in shares of Chubb by 81.7% during the 3rd quarter. Calamos Wealth Management LLC now owns 48,733 shares of the financial services provider’s stock worth $10,145,000 after buying an additional 21,909 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,863 shares of company stock valued at $28,007,307. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE CB traded up $2.79 on Monday, hitting $251.33. The stock had a trading volume of 308,314 shares, compared to its average volume of 1,726,687. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market cap of $102.06 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.17 and a beta of 0.63. The company’s 50-day moving average is $251.96 and its two-hundred day moving average is $237.16.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is presently 15.27%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CB. JMP Securities reissued a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Evercore ISI upped their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.89.

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.