Chubb Limited (NYSE:CB) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in Chubb Limited (NYSE:CB) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,815 shares of the financial services provider’s stock after selling 355 shares during the period. Kentucky Retirement Systems’ holdings in Chubb were worth $7,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Nicholson Wealth Management Group LLC increased its stake in shares of Chubb by 29.2% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 5,928 shares of the financial services provider’s stock worth $1,638,000 after purchasing an additional 1,341 shares in the last quarter. Boston Financial Mangement LLC lifted its stake in shares of Chubb by 20.7% during the fourth quarter. Boston Financial Mangement LLC now owns 2,555 shares of the financial services provider’s stock valued at $706,000 after buying an additional 439 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Chubb by 0.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 16,699 shares of the financial services provider’s stock worth $4,614,000 after purchasing an additional 121 shares during the last quarter. Advyzon Investment Management LLC acquired a new stake in Chubb in the 4th quarter worth about $325,000. Finally, Handelsbanken Fonder AB boosted its position in shares of Chubb by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 141,745 shares of the financial services provider’s stock worth $39,164,000 after acquiring an additional 12,117 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

Shares of CB stock opened at $267.69 on Friday. 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 company’s fifty day moving average price is $270.77 and its two-hundred day moving average price is $279.37. The firm has a market capitalization of $107.90 billion, a P/E ratio of 11.78, a P/E/G ratio of 3.35 and a beta of 0.67. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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 21.52 earnings per share for the current fiscal year.

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.