Arizona State Retirement System Purchases 295 Shares of Chubb Limited (NYSE:CB)

Arizona State Retirement System increased its position in Chubb Limited (NYSE:CB) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,902 shares of the financial services provider’s stock after buying an additional 295 shares during the period. Arizona State Retirement System’s holdings in Chubb were worth $30,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. FMR LLC raised its holdings 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 purchasing an additional 1,052,999 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Chubb by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock worth $617,573,000 after buying an additional 46,068 shares during the last quarter. Barclays PLC increased its position 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 buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Chubb by 49.7% during the third 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 buying an additional 389,343 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Chubb by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after buying an additional 7,462 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $284.02 on Wednesday. The stock’s 50 day simple moving average is $271.45 and its 200-day simple moving average is $280.06. 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 stock has a market cap of $114.49 billion, a PE ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

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 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%. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $299.27.

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.