Ontario Teachers Pension Plan Board Sells 1,147,595 Shares of Chubb Limited (NYSE:CB)

Ontario Teachers Pension Plan Board cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,424,620 shares of the financial services provider's stock after selling 1,147,595 shares during the period. Chubb accounts for approximately 4.7% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 3rd biggest holding. Ontario Teachers Pension Plan Board owned 0.35% of Chubb worth $393,623,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank raised its stake in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC lifted its position in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. California Public Employees Retirement System boosted its position in shares of Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after acquiring an additional 14,610 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Up 0.1 %

Shares of Chubb stock traded up $0.22 during trading hours on Friday, hitting $285.29. The company's stock had a trading volume of 2,477,527 shares, compared to its average volume of 1,632,770. The stock has a 50 day moving average of $284.62 and a 200 day moving average of $281.13. 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 current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

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 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. UBS Group lifted their price objective on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of "Hold" and an average target price of $307.21.

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.