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

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Chubb Limited (NYSE:CB) by 49.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,172,267 shares of the financial services provider’s stock after purchasing an additional 389,343 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.29% of Chubb worth $338,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of CB. Pathway Financial Advisers LLC purchased a new position in Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC increased its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in Chubb in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter worth $28,000. Finally, Kozak & Associates Inc. purchased a new position in Chubb during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the 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 sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CB shares. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb Price Performance

Shares of NYSE:CB opened at $288.73 on Friday. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The firm has a market capitalization of $116.39 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 6.77 and a beta of 0.67. The business’s 50 day simple moving average is $287.30 and its 200-day simple moving average is $275.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued 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 yield of 1.26%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.