Chubb Limited (NYSE:CB) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lessened its position in shares of Chubb Limited (NYSE:CB) by 9.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,937 shares of the financial services provider’s stock after selling 1,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Chubb were worth $4,956,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CB. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Price Performance

Shares of NYSE CB opened at $264.49 on Friday. The stock has a market cap of $106.62 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company’s 50-day moving average price is $271.91 and its 200 day moving average price is $279.64. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. Chubb’s dividend payout ratio (DPR) is 16.02%.

About Chubb

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.