Kentucky Retirement Systems Reduces Holdings in Chubb Limited (NYSE:CB)

Kentucky Retirement Systems trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 14.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,170 shares of the financial services provider's stock after selling 4,429 shares during the period. Kentucky Retirement Systems' holdings in Chubb were worth $7,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after purchasing an additional 40 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 40 shares during the period. LVW Advisors LLC raised its holdings in shares of Chubb by 0.3% in the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after buying an additional 40 shares in the last quarter. Wealth Effects LLC lifted its position in shares of Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock worth $395,000 after buying an additional 40 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider's stock valued at $1,069,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

Shares of CB stock traded up $1.07 during trading on Friday, hitting $288.00. The company's stock had a trading volume of 1,794,866 shares, compared to its average volume of 1,609,926. The business has a fifty day moving average of $287.84 and a 200-day moving average of $273.04. The company has a market cap of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, research analysts anticipate that Chubb Limited will post 21.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares of the company's stock, valued at $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last 90 days. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb has an average rating of "Hold" and a consensus target price of $287.37.

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.