Canada Pension Plan Investment Board Has $103.54 Million Stake in Chubb Limited (NYSE:CB)

Canada Pension Plan Investment Board raised its stake in shares of Chubb Limited (NYSE:CB) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,582 shares of the financial services provider’s stock after buying an additional 27,071 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of Chubb worth $103,544,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Bard Financial Services Inc. increased its stake in Chubb by 3.7% in the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 40 shares in the last quarter. Rossmore Private Capital increased its position in shares of Chubb by 1.6% in the 4th quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after buying an additional 41 shares in the last quarter. Equitable Trust Co. increased its position in shares of Chubb by 1.4% in the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after buying an additional 41 shares in the last quarter. MCF Advisors LLC lifted its holdings in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 42 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in Chubb by 11.1% in the first quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 42 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CB shares. JPMorgan Chase & Co. raised their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI raised their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley reduced their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. The Goldman Sachs Group lifted their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $270.05.

Chubb Stock Performance

Shares of CB traded up $8.45 during trading hours on Friday, hitting $270.06. The company had a trading volume of 1,653,253 shares, compared to its average volume of 1,399,890. The business has a fifty day moving average of $262.03 and a 200-day moving average of $253.42. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21. The firm has a market cap of $109.66 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 5.04 and a beta of 0.66. Chubb Limited has a 12 month low of $198.10 and a 12 month high of $275.41.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the prior year, the firm earned $4.92 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Chubb Limited will post 21.03 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s dividend payout ratio is currently 16.16%.

Insiders Place Their Bets

In other Chubb news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock worth $12,149,985 in the last 90 days. Company insiders own 0.86% of the company’s stock.

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.