Chubb Limited $CB Stock Holdings Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Chubb Limited (NYSE:CB) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 217,460 shares of the financial services provider’s stock after selling 2,555 shares during the period. Retirement Systems of Alabama owned 0.05% of Chubb worth $63,003,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Modern Wealth Management LLC increased its stake in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares during the period. Trifecta Capital Advisors LLC increased its stake in Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares during the period. Jump Financial LLC increased its stake in Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the period. Legato Capital Management LLC increased its stake in Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after buying an additional 5,582 shares during the period. Finally, Davis Rea LTD. acquired a new position in Chubb during the 1st quarter valued at about $5,117,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CB shares. Citigroup raised their target price on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wolfe Research raised their target price on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Barclays raised their target price on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $307.58.

Chubb Stock Performance

Shares of CB opened at $277.87 on Thursday. The firm’s 50 day moving average is $277.82 and its 200-day moving average is $280.77. The stock has a market capitalization of $109.35 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.71 and a beta of 0.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the company posted $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

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.