Bank of Montreal Can Increases Stock Holdings in Chubb Limited (NYSE:CB)

Bank of Montreal Can boosted its stake in Chubb Limited (NYSE:CB) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 665,139 shares of the financial services provider’s stock after buying an additional 17,719 shares during the quarter. Bank of Montreal Can owned approximately 0.17% of Chubb worth $192,604,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% in the second 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 in the last quarter. Pathway Financial Advisers LLC bought a new position in Chubb in the 1st quarter valued at $25,000. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter valued at $29,000. Chilton Capital Management LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at $26,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the 3rd quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,715 shares of company stock valued at $23,803,540 over the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Up 0.4 %

Shares of NYSE:CB opened at $286.41 on Tuesday. The firm has a fifty day moving average price of $287.37 and a two-hundred day moving average price of $274.81. The company has a market cap of $115.45 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 6.65 and a beta of 0.67. 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 Limited has a one year low of $216.90 and a one year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $4.95 earnings per share. Analysts anticipate that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Bank of America raised their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods upped their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $287.37.

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.