Beutel Goodman & Co Ltd. Boosts Stock Position in Chubb Limited $CB

Beutel Goodman & Co Ltd. increased its position in shares of Chubb Limited (NYSE:CB) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,339,427 shares of the financial services provider’s stock after acquiring an additional 58,526 shares during the period. Chubb comprises 2.2% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 15th biggest position. Beutel Goodman & Co Ltd. owned approximately 0.34% of Chubb worth $388,059,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $205,000. Commonwealth Equity Services LLC raised its holdings in Chubb by 6.3% in the first quarter. Commonwealth Equity Services LLC now owns 85,909 shares of the financial services provider’s stock valued at $25,944,000 after acquiring an additional 5,080 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Chubb in the first quarter worth approximately $1,112,000. Finally, Exencial Wealth Advisors LLC lifted its stake in Chubb by 4.7% in the first quarter. Exencial Wealth Advisors LLC now owns 9,304 shares of the financial services provider’s stock worth $2,810,000 after acquiring an additional 414 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB stock opened at $294.45 on Friday. The stock’s 50-day moving average is $285.99 and its two-hundred day moving average is $281.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm 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 (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.72 EPS. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Activity

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction 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 owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last ninety days. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. UBS Group increased their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company raised their price target on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Wolfe Research increased their price objective on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $308.32.

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.