Bank of Montreal Can Sells 41,374 Shares of Chubb Limited (NYSE:CB)

Bank of Montreal Can cut its position in Chubb Limited (NYSE:CB - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 623,765 shares of the financial services provider's stock after selling 41,374 shares during the quarter. Bank of Montreal Can owned approximately 0.15% of Chubb worth $172,346,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 35 shares during the period. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Chubb in the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb during the 4th quarter worth about $29,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.3 %

NYSE:CB traded up $0.96 during mid-day trading on Friday, hitting $283.30. The company had a trading volume of 2,562,466 shares, compared to its average volume of 1,635,170. The firm has a market cap of $113.51 billion, a P/E ratio of 12.47, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The business's fifty day moving average is $283.03 and its two-hundred day moving average is $281.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb's dividend payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Barclays reduced their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday. Finally, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $307.21.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

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.