TD Waterhouse Canada Inc. Grows Position in Chubb Limited (NYSE:CB)

TD Waterhouse Canada Inc. raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,758 shares of the financial services provider's stock after acquiring an additional 10,469 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Chubb were worth $16,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CB. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter worth $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the 4th quarter worth $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the 4th quarter worth $30,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Human Investing LLC purchased a new position in Chubb in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CB. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Piper Sandler upped their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Two equities research 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $307.79.

Chubb Price Performance

NYSE CB traded down $2.93 during mid-day trading on Friday, hitting $279.07. The stock had a trading volume of 2,381,203 shares, compared to its average volume of 1,629,953. The firm's 50 day moving average is $286.39 and its 200 day moving average is $281.09. Chubb Limited has a twelve month low of $244.84 and a twelve month high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $111.82 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's payout ratio is currently 17.52%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by corporate insiders.

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.