iA Global Asset Management Inc. Has $8.05 Million Position in Chubb Limited (NYSE:CB)

iA Global Asset Management Inc. increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 180.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,903 shares of the financial services provider's stock after acquiring an additional 17,952 shares during the period. iA Global Asset Management Inc.'s holdings in Chubb were worth $8,047,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CB. FMR LLC boosted its position in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. International Assets Investment Management LLC raised its position in Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock worth $2,696,640,000 after purchasing an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock worth $243,641,000 after purchasing an additional 826,700 shares during the period. Troy Asset Management Ltd acquired a new stake in Chubb during the second quarter valued at approximately $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after purchasing an additional 389,343 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CB. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $287.37.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Down 1.2 %

Chubb stock traded down $3.30 during trading hours on Friday, reaching $283.32. 1,507,326 shares of the company's stock traded hands, compared to its average volume of 1,351,383. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The firm's 50 day moving average is $286.88 and its 200-day moving average is $276.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $114.21 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $4.95 earnings per share. On average, analysts predict that Chubb Limited will post 21.82 earnings per share for the current 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 paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 14.91%.

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.