Canada Pension Plan Investment Board Has $65.64 Million Holdings in Chubb Limited (NYSE:CB)

Canada Pension Plan Investment Board lessened its position in shares of Chubb Limited (NYSE:CB) by 35.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,327 shares of the financial services provider’s stock after selling 142,255 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Chubb worth $65,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Chubb by 8.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 44,453 shares of the financial services provider’s stock valued at $11,339,000 after buying an additional 3,454 shares in the last quarter. Ieq Capital LLC increased its stake in Chubb by 5.3% during the 2nd quarter. Ieq Capital LLC now owns 35,054 shares of the financial services provider’s stock worth $8,941,000 after acquiring an additional 1,762 shares during the period. Intech Investment Management LLC raised its holdings in Chubb by 16.8% in the 2nd quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after acquiring an additional 1,876 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Chubb during the 2nd quarter valued at $3,327,000. Finally, Paces Ferry Wealth Advisors LLC grew its holdings in shares of Chubb by 3.3% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 1,585 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 over the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Trading Up 0.0 %

CB opened at $290.66 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The company’s 50 day moving average price is $275.87 and its two-hundred day moving average price is $263.36. The firm has a market capitalization of $118.03 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.92 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s payout ratio is 16.16%.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Morgan Stanley decreased their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $274.70.

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.