California Public Employees Retirement System Has $373.11 Million Stock Holdings in Chubb Limited (NYSE:CB)

California Public Employees Retirement System raised its holdings in Chubb Limited (NYSE:CB) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,350,381 shares of the financial services provider’s stock after acquiring an additional 14,610 shares during the period. California Public Employees Retirement System’s holdings in Chubb were worth $373,110,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CB. RWA Wealth Partners LLC grew its stake in shares of Chubb by 297.7% in the fourth quarter. RWA Wealth Partners LLC now owns 68,859 shares of the financial services provider’s stock worth $19,026,000 after purchasing an additional 51,545 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Chubb by 0.5% in the fourth quarter. Schroder Investment Management Group now owns 1,218,918 shares of the financial services provider’s stock valued at $335,702,000 after buying an additional 6,253 shares during the period. BlueChip Wealth Advisors LLC raised its position in shares of Chubb by 14.8% during the fourth quarter. BlueChip Wealth Advisors LLC now owns 921 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 119 shares during the last quarter. Allianz SE acquired a new position in shares of Chubb in the fourth quarter worth approximately $9,509,000. Finally, Transamerica Financial Advisors Inc. boosted its holdings in Chubb by 19.9% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,126 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $301.00.

Chubb Trading Down 0.7 %

NYSE CB opened at $296.36 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $279.26 and a 200 day simple moving average of $281.43. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market capitalization of $118.67 billion, a P/E ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

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.