Bank of Montreal Can Acquires 17,719 Shares of Chubb Limited (NYSE:CB)

Bank of Montreal Can grew its stake in shares of Chubb Limited (NYSE:CB) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 665,139 shares of the financial services provider’s stock after buying an additional 17,719 shares during the quarter. Bank of Montreal Can’s holdings in Chubb were worth $192,604,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Pathway Financial Advisers LLC bought a new position in Chubb during the 1st quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new position in shares of Chubb in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the second quarter worth $28,000. Finally, Kozak & Associates Inc. purchased a new position in shares of Chubb in the third quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.4 %

NYSE:CB opened at $286.41 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50-day moving average price is $287.37 and its 200-day moving average price is $274.81. The company has a market capitalization of $115.45 billion, a PE ratio of 11.73, a P/E/G ratio of 6.65 and a beta of 0.67. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 6,599 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the sale, the executive vice president now owns 84,101 shares in the company, valued at $24,142,033.06. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

CB has been the subject of several analyst reports. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $287.37.

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.