California Public Employees Retirement System Grows Position in Chubb Limited (NYSE:CB)

California Public Employees Retirement System grew its position in Chubb Limited (NYSE:CB - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,350,381 shares of the financial services provider's stock after purchasing an additional 14,610 shares during the quarter. California Public Employees Retirement System owned approximately 0.33% of Chubb worth $373,110,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC raised its holdings in shares of Chubb by 37.1% in the 3rd quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider's stock worth $2,675,000 after buying an additional 2,511 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $266,000. Rockefeller Capital Management L.P. lifted its stake in shares of Chubb by 16.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 207,021 shares of the financial services provider's stock valued at $59,688,000 after purchasing an additional 29,767 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after buying an additional 389,343 shares during the period. Finally, Ironwood Investment Counsel LLC raised its holdings in Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider's stock worth $496,000 after purchasing an additional 35 shares during the period. 83.81% of the stock is currently owned by institutional investors.

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Chubb Stock Performance

NYSE CB traded up $0.62 on Wednesday, reaching $302.02. 1,532,870 shares of the stock were exchanged, compared to its average volume of 1,602,109. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $238.85 and a one year high of $304.34. The company's 50-day simple moving average is $280.57 and its two-hundred day simple moving average is $281.60. The firm has a market capitalization of $120.93 billion, a PE ratio of 13.29, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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%. Analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.21%. Chubb's dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $303.14.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. Company insiders own 0.86% of the company's stock.

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.