Chubb Limited $CB Shares Acquired by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lifted its stake in shares of Chubb Limited (NYSE:CB) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,339,427 shares of the financial services provider’s stock after purchasing an additional 58,526 shares during the quarter. Chubb comprises approximately 2.2% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 15th biggest position. Beutel Goodman & Co Ltd.’s holdings in Chubb were worth $388,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CB. 1248 Management LLC purchased a new position in Chubb during the 1st quarter worth $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb in the second quarter valued at about $32,000. WPG Advisers LLC acquired a new position in shares of Chubb during the first quarter worth about $33,000. Maseco LLP purchased a new position in Chubb during the second quarter worth about $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Down 0.2%

CB opened at $294.45 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $115.88 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 3.37 and a beta of 0.51. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The business’s fifty day moving average is $285.99 and its two-hundred day moving average is $281.77.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the previous year, the company posted $5.72 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at $467,876.15. This represents a 34.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,333 shares of company stock worth $16,629,873 over the last ninety days. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Bank of America lifted their price objective on Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. UBS Group lifted their price target on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Barclays upped their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $308.32.

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.