Chubb Limited (NYSE:CB) Position Reduced by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 41.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,668 shares of the financial services provider's stock after selling 14,345 shares during the period. Illinois Municipal Retirement Fund's holdings in Chubb were worth $5,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Chubb during the third quarter worth $222,000. Autumn Glory Partners LLC purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $288,000. Orrstown Financial Services Inc. acquired a new stake in shares of Chubb in the 3rd quarter worth approximately $209,000. Pallas Capital Advisors LLC grew its holdings in shares of Chubb by 6.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 2,655 shares of the financial services provider's stock worth $781,000 after acquiring an additional 152 shares during the period. Finally, Boston Financial Mangement LLC increased its stake in Chubb by 5.7% in the 3rd quarter. Boston Financial Mangement LLC now owns 2,116 shares of the financial services provider's stock valued at $610,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Up 1.3 %

Shares of CB stock traded up $3.65 during mid-day trading on Friday, hitting $285.34. 2,528,712 shares of the company's stock were exchanged, compared to its average volume of 1,706,331. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a 50-day simple moving average of $271.02 and a two-hundred day simple moving average of $279.81. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $115.02 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. Equities 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. Investors of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CB shares. Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of 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 issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $295.73.

About Chubb

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.