California Public Employees Retirement System Buys 247,728 Shares of Chubb Limited (NYSE:CB)

California Public Employees Retirement System raised its holdings in Chubb Limited (NYSE:CB) by 25.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,236,842 shares of the financial services provider’s stock after buying an additional 247,728 shares during the quarter. California Public Employees Retirement System owned 0.30% of Chubb worth $279,526,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC raised its position in shares of Chubb by 557.2% during the fourth quarter. RWA Wealth Partners LLC now owns 13,623 shares of the financial services provider’s stock worth $3,079,000 after acquiring an additional 11,550 shares during the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of Chubb by 8.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 3,255 shares of the financial services provider’s stock worth $736,000 after purchasing an additional 252 shares during the period. Jennison Associates LLC grew its stake in shares of Chubb by 15.5% during the fourth quarter. Jennison Associates LLC now owns 1,161,145 shares of the financial services provider’s stock worth $262,419,000 after purchasing an additional 155,552 shares during the period. Telemus Capital LLC grew its stake in Chubb by 8.4% in the fourth quarter. Telemus Capital LLC now owns 38,613 shares of the financial services provider’s stock valued at $8,727,000 after acquiring an additional 2,990 shares during the period. Finally, Duality Advisers LP acquired a new position in Chubb in the fourth quarter valued at about $473,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE:CB traded down $0.81 during trading hours on Tuesday, reaching $250.69. 234,599 shares of the company were exchanged, compared to its average volume of 1,707,418. The company has a market capitalization of $101.78 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.17 and a beta of 0.62. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day moving average of $252.58 and a 200 day moving average of $234.87.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Research analysts forecast that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CB shares. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. UBS Group boosted their target price on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. StockNews.com raised Chubb from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Evercore ISI upped their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.37.

Chubb Company 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.