Chubb Limited (NYSE:CB) Holdings Reduced by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Chubb Limited (NYSE:CBGet Rating) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 864,779 shares of the financial services provider’s stock after selling 59,984 shares during the period. California Public Employees Retirement System’s holdings in Chubb were worth $184,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Endowment Wealth Management Inc. boosted its holdings in shares of Chubb by 9.7% in the first quarter. Endowment Wealth Management Inc. now owns 1,149 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 102 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Chubb by 6.4% in the first quarter. Advisor Group Holdings Inc. now owns 100,332 shares of the financial services provider’s stock valued at $17,693,000 after acquiring an additional 6,062 shares in the last quarter. Nicollet Investment Management Inc. boosted its holdings in Chubb by 0.5% during the first quarter. Nicollet Investment Management Inc. now owns 14,180 shares of the financial services provider’s stock worth $3,033,000 after buying an additional 69 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Chubb by 13.4% during the first quarter. Legacy Financial Advisors Inc. now owns 1,739 shares of the financial services provider’s stock worth $372,000 after buying an additional 205 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in Chubb by 22.1% during the first quarter. Prospera Financial Services Inc now owns 11,822 shares of the financial services provider’s stock worth $2,529,000 after buying an additional 2,141 shares in the last quarter. Institutional investors own 88.86% of the company’s stock.

Insider Activity

In other news, Director Theodore Shasta sold 812 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $209.18, for a total transaction of $169,854.16. Following the transaction, the director now owns 15,488 shares in the company, valued at approximately $3,239,779.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Theodore Shasta sold 812 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $209.18, for a total value of $169,854.16. Following the transaction, the director now directly owns 15,488 shares in the company, valued at approximately $3,239,779.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John W. Keogh sold 64,565 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $208.39, for a total transaction of $13,454,700.35. Following the completion of the transaction, the chief operating officer now owns 230,236 shares in the company, valued at $47,978,880.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,824 shares of company stock worth $29,574,333. 0.39% of the stock is owned by corporate insiders.

Chubb Stock Down 0.7 %

CB stock opened at $187.00 on Thursday. Chubb Limited has a 12-month low of $164.13 and a 12-month high of $218.99. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The company has a market cap of $79.23 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.27 and a beta of 0.74. The company has a 50 day moving average of $196.83 and a two-hundred day moving average of $202.85.

Chubb (NYSE:CBGet Rating) last released its earnings results on Tuesday, July 26th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.57. Chubb had a net margin of 17.36% and a return on equity of 10.65%. During the same period in the prior year, the business posted $3.62 earnings per share. On average, equities analysts anticipate that Chubb Limited will post 14.85 earnings per share for the current fiscal year.

Chubb declared that its board has initiated a share repurchase plan on Thursday, May 19th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 17th were issued a dividend of $0.83 per share. The ex-dividend date was Thursday, June 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from Chubb’s previous quarterly dividend of $0.80. Chubb’s dividend payout ratio (DPR) is currently 20.02%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Citigroup assumed coverage on shares of Chubb in a report on Monday, May 23rd. They set a “neutral” rating and a $209.00 target price for the company. StockNews.com assumed coverage on shares of Chubb in a report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James raised their target price on shares of Chubb from $240.00 to $250.00 in a report on Thursday, April 28th. Finally, Jefferies Financial Group reduced their price target on shares of Chubb from $247.00 to $244.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average price target of $230.08.

About Chubb

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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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