Illinois Municipal Retirement Fund Trims Holdings in Chubb Limited (NYSE:CB)

Illinois Municipal Retirement Fund reduced its stake in Chubb Limited (NYSE:CB) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,668 shares of the financial services provider’s stock after selling 14,345 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Chubb were worth $5,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Barclays PLC raised its stake in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock valued at $266,940,000 after buying an additional 7,462 shares during the period. Finally, National Pension Service grew its stake in shares of Chubb by 14.1% in the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider’s stock valued at $234,497,000 after buying an additional 100,470 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Chubb stock opened at $273.47 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market cap of $110.24 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company’s 50 day moving average is $270.60 and its two-hundred day moving average is $279.59.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CB. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb 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.