Chubb Limited (NYSE:CB) Holdings Lowered by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Chubb Limited (NYSE:CB) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,700 shares of the financial services provider’s stock after selling 1,059 shares during the period. Retirement Systems of Alabama’s holdings in Chubb were worth $61,532,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC increased its holdings 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 valued at $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $290.12.

Chubb Trading Down 0.6 %

Shares of NYSE:CB opened at $272.31 on Wednesday. The company has a market capitalization of $109.77 billion, a P/E ratio of 11.99, a P/E/G ratio of 3.35 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The business’s 50 day simple moving average is $274.91 and its 200 day simple moving average is $279.50.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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 anticipate that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 16.02%.

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.