Teachers Retirement System of The State of Kentucky Lowers Stock Position in Chubb Limited (NYSE:CB)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Chubb Limited (NYSE:CB) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,894 shares of the financial services provider’s stock after selling 15,176 shares during the period. Chubb accounts for approximately 0.5% of Teachers Retirement System of The State of Kentucky’s holdings, making the stock its 24th biggest holding. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of Chubb worth $55,325,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Bard Financial Services Inc. boosted its holdings in Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after buying an additional 40 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Chubb by 0.5% during the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after buying an additional 40 shares in the last quarter. Quotient Wealth Partners LLC boosted its holdings in Chubb by 4.1% during the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after buying an additional 41 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its holdings in Chubb by 3.6% during the second quarter. Drive Wealth Management LLC now owns 1,183 shares of the financial services provider’s stock worth $303,000 after buying an additional 41 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.4 %

Chubb stock opened at $288.39 on Tuesday. The company has a market capitalization of $117.10 billion, a P/E ratio of 12.80, a P/E/G ratio of 5.74 and a beta of 0.66. The firm’s fifty day simple moving average is $279.09 and its 200-day simple moving average is $264.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 EPS. Sell-side analysts forecast that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s payout ratio is presently 16.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CB shares. Royal Bank of Canada upped their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by insiders.

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.