Canada Pension Plan Investment Board Has $108.53 Million Stock Holdings in Chubb Limited (NYSE:CB)

Canada Pension Plan Investment Board reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 392,809 shares of the financial services provider's stock after selling 6,777 shares during the quarter. Canada Pension Plan Investment Board owned 0.10% of Chubb worth $108,533,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Chubb in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the fourth quarter worth $29,000. Human Investing LLC purchased a new position in Chubb in the fourth quarter valued at $36,000. Mainstream Capital Management LLC purchased a new position in Chubb in the fourth quarter valued at $37,000. Finally, Whipplewood Advisors LLC acquired a new stake in Chubb in the fourth quarter valued at $40,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of NYSE:CB traded down $8.04 on Wednesday, hitting $282.38. The company's stock had a trading volume of 1,011,030 shares, compared to its average volume of 1,629,839. The company has a market capitalization of $113.15 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The stock's 50-day moving average is $285.38 and its two-hundred day moving average is $281.07. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb's dividend payout ratio is 16.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CB. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Jefferies Financial Group raised their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $307.21.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 78,422 shares of the company's stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. 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 quarter. 0.86% of the stock is currently 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.