Illinois Municipal Retirement Fund Sells 7,932 Shares of Chubb Limited $CB

Illinois Municipal Retirement Fund trimmed its position in shares of Chubb Limited (NYSE:CB) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,654 shares of the financial services provider’s stock after selling 7,932 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Chubb were worth $13,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC raised its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the 3rd quarter worth approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in Chubb in the 4th quarter valued at approximately $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb in the 4th quarter valued at approximately $32,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Stock Up 1.5%

Chubb stock opened at $342.66 on Friday. The firm has a market cap of $132.90 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.73 and a beta of 0.40. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average price of $331.67 and a two-hundred day moving average price of $325.50.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion for the quarter. Equities analysts predict that Chubb Limited will post 26.76 EPS for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday. Wells Fargo & Company increased their price objective on Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Piper Sandler raised their target price on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $357.73.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.