Bank of Montreal Can Has $172.35 Million Position in Chubb Limited (NYSE:CB)

Bank of Montreal Can decreased its holdings in shares of Chubb Limited (NYSE:CB) by 6.2% during the 4th quarter, according to the company in its most recent Form 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 period. Bank of Montreal Can’s holdings in Chubb were worth $172,346,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Continuum Advisory LLC raised its stake 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 worth $28,000 after purchasing an additional 35 shares during the last quarter. Raelipskie Partnership bought a new stake in Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter valued at $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter valued at $29,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Down 2.3 %

Shares of NYSE:CB opened at $274.13 on Tuesday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. The stock’s fifty day moving average price is $282.20 and its 200-day moving average price is $281.58. The company has a market cap of $109.76 billion, a P/E ratio of 12.07, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $303.14.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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 in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last three months. Corporate insiders own 0.86% of the company’s stock.

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.