Northwest & Ethical Investments L.P. Sells 3,601 Shares of Chubb Limited (NYSE:CB)

Northwest & Ethical Investments L.P. trimmed its position in Chubb Limited (NYSE:CB) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,427 shares of the financial services provider’s stock after selling 3,601 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Chubb were worth $6,473,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ironwood Investment Counsel LLC lifted its holdings in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. First Financial Bank Trust Division increased its position in shares of Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 37 shares during the last quarter. Rede Wealth LLC increased its position in shares of Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 37 shares during the last quarter. Finally, Sfmg LLC increased its position in shares of Chubb by 2.4% in the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.7 %

Shares of NYSE:CB opened at $294.09 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market cap of $117.76 billion, a PE ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.66. The business has a 50 day moving average of $275.90 and a 200-day moving average of $281.25. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast 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 will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two equities research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $301.00.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,239 shares of company stock worth $14,956,786. Company insiders own 0.86% of the company’s stock.

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.