Caisse DE Depot ET Placement DU Quebec Has $15.22 Million Position in Chubb Ltd (CB)

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Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Chubb Ltd (NYSE:CB) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,822 shares of the financial services provider’s stock after selling 5,019 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Chubb were worth $15,220,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kidder Stephen W boosted its stake in Chubb by 0.7% in the second quarter. Kidder Stephen W now owns 48,951 shares of the financial services provider’s stock valued at $6,219,000 after acquiring an additional 360 shares in the last quarter. HL Financial Services LLC boosted its stake in Chubb by 16.6% in the second quarter. HL Financial Services LLC now owns 2,635 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 375 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Chubb by 0.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 73,003 shares of the financial services provider’s stock valued at $9,985,000 after acquiring an additional 400 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Chubb by 12.1% in the second quarter. Intact Investment Management Inc. now owns 3,700 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 400 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in Chubb by 6.5% in the second quarter. Private Trust Co. NA now owns 6,689 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

Shares of NYSE:CB opened at $137.34 on Friday. Chubb Ltd has a one year low of $123.96 and a one year high of $157.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $63.60 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The business had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. sell-side analysts predict that Chubb Ltd will post 10.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 21st will be issued a $0.73 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.13%. Chubb’s payout ratio is 36.36%.

Several equities analysts have issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Chubb in a research note on Wednesday, August 8th. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Credit Suisse Group assumed coverage on shares of Chubb in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Citigroup upped their price objective on shares of Chubb from $151.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Deutsche Bank downgraded shares of Chubb from a “hold” rating to a “sell” rating and decreased their price objective for the company from $135.00 to $126.00 in a research note on Monday, August 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $160.09.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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