Retirement Systems of Alabama Sells 2,956 Shares of Chubb Limited (NYSE:CB)

Retirement Systems of Alabama lowered its stake in shares of Chubb Limited (NYSE:CB) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 301,615 shares of the financial services provider’s stock after selling 2,956 shares during the quarter. Retirement Systems of Alabama’s holdings in Chubb were worth $68,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. Deutsche Bank AG raised its stake in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Chubb by 19,454.2% during the 4th quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after acquiring an additional 482,854 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Chubb by 43.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after acquiring an additional 334,970 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its holdings in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Roth Mkm reissued a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. Wells Fargo & Company upped their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Chubb Price Performance

Shares of CB stock traded down $0.51 on Friday, hitting $245.45. 1,565,900 shares of the company’s stock were exchanged, compared to its average volume of 1,523,435. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a market cap of $99.65 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a 50 day moving average of $252.33 and a 200 day moving average of $235.71.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the company earned $4.41 EPS. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities research analysts predict that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio is currently 15.27%.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a filing 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 the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. 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 ninety days. 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.