National Bank of Canada FI Sells 76,540 Shares of Chubb Limited (NYSE:CB)

National Bank of Canada FI decreased its position in Chubb Limited (NYSE:CB) by 22.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 263,271 shares of the financial services provider’s stock after selling 76,540 shares during the period. National Bank of Canada FI’s holdings in Chubb were worth $75,925,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CB. Ironwood Investment Counsel LLC grew its holdings in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after purchasing an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its stake in shares of Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 40 shares in the last quarter. LVW Advisors LLC boosted its holdings in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 40 shares during the last quarter. Finally, Wealth Effects LLC grew its stake in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after buying an additional 40 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 5.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CB shares. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Performance

NYSE CB opened at $283.32 on Friday. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The firm has a market capitalization of $114.21 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 6.62 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm’s 50 day simple moving average is $286.88 and its 200 day simple moving average is $276.41.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.95 EPS. As a group, research analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is currently 14.91%.

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.