Caisse DE Depot ET Placement DU Quebec Reduces Stake in Chubb Limited (NYSE:CB)

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 54.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 538,303 shares of the financial services provider's stock after selling 633,964 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.13% of Chubb worth $148,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CB. First Financial Bank Trust Division raised its stake in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock worth $283,000 after acquiring an additional 37 shares in the last quarter. Rede Wealth LLC lifted its stake in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock worth $525,000 after purchasing an additional 37 shares during the last quarter. Sfmg LLC grew its stake in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after buying an additional 40 shares during the last quarter. United Asset Strategies Inc. lifted its stake in shares of Chubb by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after acquiring an additional 40 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in Chubb by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after acquiring an additional 40 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Piper Sandler boosted their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods cut their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $307.86.

Insider Buying and Selling

In other news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.77% of the company's stock.

Chubb Stock Up 0.5 %

Shares of NYSE:CB traded up $1.48 during trading on Tuesday, reaching $289.31. 366,764 shares of the stock traded hands, compared to its average volume of 1,818,906. The stock has a 50-day moving average of $288.11 and a two-hundred day moving average of $280.75. 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 Limited has a 52-week low of $250.90 and a 52-week high of $306.91. The stock has a market cap of $115.93 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb's payout ratio is currently 17.52%.

Chubb Company 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.