Beutel Goodman & Co Ltd. Has $278.45 Million Holdings in Chubb Limited (NYSE:CB)

Beutel Goodman & Co Ltd. increased its stake in Chubb Limited (NYSE:CB - Free Report) by 1,007,698.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,007,798 shares of the financial services provider's stock after purchasing an additional 1,007,698 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 0.25% of Chubb worth $278,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allstate Corp purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $3,210,000. Horizon Investment Services LLC lifted its holdings in shares of Chubb by 2.8% in the fourth quarter. Horizon Investment Services LLC now owns 19,649 shares of the financial services provider's stock valued at $5,429,000 after purchasing an additional 530 shares in the last quarter. Gardner Lewis Asset Management L P acquired a new stake in shares of Chubb in the fourth quarter worth $387,000. Level Four Advisory Services LLC grew its holdings in shares of Chubb by 0.4% during the fourth quarter. Level Four Advisory Services LLC now owns 13,132 shares of the financial services provider's stock valued at $3,629,000 after buying an additional 49 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its position in Chubb by 2.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 39,355 shares of the financial services provider's stock valued at $10,874,000 after buying an additional 961 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

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Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the sale, the executive vice president now directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Chubb stock traded down $1.03 during trading hours on Wednesday, reaching $300.37. 616,038 shares of the company were exchanged, compared to its average volume of 1,598,598. The stock has a 50-day moving average of $280.57 and a 200 day moving average of $281.60. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $304.34. The firm has a market cap of $120.27 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb's payout ratio is 16.02%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CB shares. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Piper Sandler lifted their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $303.14.

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.