National Bank of Canada FI Sells 76,540 Shares of Chubb Limited (NYSE:CB)

National Bank of Canada FI lowered its holdings in Chubb Limited (NYSE:CB - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 263,271 shares of the financial services provider's stock after selling 76,540 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Chubb worth $75,925,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ironwood Investment Counsel LLC raised its stake in Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider's stock worth $496,000 after buying an additional 35 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Chubb by 0.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after acquiring an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after acquiring an additional 40 shares in the last quarter. LVW Advisors LLC boosted its position in shares of Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock valued at $3,390,000 after purchasing an additional 40 shares in the last quarter. Finally, Wealth Effects LLC grew its stake in Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock worth $395,000 after purchasing an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. The trade was a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of CB traded down $3.30 during mid-day trading on Friday, hitting $283.32. 1,507,326 shares of the company traded hands, compared to its average volume of 1,351,383. The stock has a market cap of $114.21 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 6.62 and a beta of 0.67. The stock has a 50-day moving average price of $286.88 and a two-hundred day moving average price of $276.48. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analysts' expectations of $14.16 billion. During the same period in the prior year, the firm earned $4.95 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 is currently 14.91%.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent research reports. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $287.37.

Chubb Company 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.