Public Employees Retirement Association of Colorado Sells 55,134 Shares of Chubb Limited (NYSE:CB)

Public Employees Retirement Association of Colorado cut its stake in Chubb Limited (NYSE:CBGet Rating) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 472,539 shares of the financial services provider’s stock after selling 55,134 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.11% of Chubb worth $91,347,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in shares of Chubb by 3.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,446 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 50 shares in the last quarter. KB Financial Partners LLC increased its stake in shares of Chubb by 2.5% in the 3rd quarter. KB Financial Partners LLC now owns 2,369 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 57 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Chubb by 0.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 10,613 shares of the financial services provider’s stock worth $2,051,000 after acquiring an additional 57 shares in the last quarter. Monte Financial Group LLC grew its position in Chubb by 1.4% during the 4th quarter. Monte Financial Group LLC now owns 4,291 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 59 shares during the last quarter. Finally, Foster & Motley Inc. grew its position in Chubb by 1.0% during the 4th quarter. Foster & Motley Inc. now owns 5,980 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 88.86% of the company’s stock.

In other Chubb news, EVP Timothy Alan Boroughs sold 15,933 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $211.83, for a total value of $3,375,087.39. Following the completion of the transaction, the executive vice president now directly owns 65,667 shares in the company, valued at $13,910,240.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 901 shares of the company’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $204.39, for a total transaction of $184,155.39. The disclosure for this sale can be found here. Insiders have sold 56,989 shares of company stock valued at $11,959,061 over the last three months. Insiders own 0.39% of the company’s stock.

Shares of CB stock traded up $4.41 on Tuesday, reaching $212.41. The company’s stock had a trading volume of 1,905,374 shares, compared to its average volume of 1,909,681. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $210.45 and its 200-day simple moving average is $200.66. The company has a market capitalization of $90.00 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.73. Chubb Limited has a 1 year low of $155.78 and a 1 year high of $218.99.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.48 by $0.34. Chubb had a net margin of 19.65% and a return on equity of 10.30%. During the same quarter last year, the business earned $2.52 earnings per share. Equities research analysts forecast that Chubb Limited will post 14.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 18th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, March 17th. Chubb’s dividend payout ratio is currently 17.04%.

Several analysts recently commented on CB shares. Wells Fargo & Company increased their price objective on shares of Chubb from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, April 12th. StockNews.com assumed coverage on shares of Chubb in a report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays raised their price target on shares of Chubb from $244.00 to $250.00 in a report on Thursday, April 28th. Argus raised their price target on shares of Chubb from $210.00 to $230.00 in a report on Thursday, February 10th. Finally, Royal Bank of Canada raised their price objective on shares of Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a report on Monday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Buy” and an average target price of $221.80.

Chubb Profile (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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