Public Employees Retirement System of Ohio Makes New $53.45 Million Investment in Chubb Limited (NYSE:CB)

Public Employees Retirement System of Ohio purchased a new position in Chubb Limited (NYSE:CB - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 185,334 shares of the financial services provider's stock, valued at approximately $53,448,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roffman Miller Associates Inc. PA boosted its position in shares of Chubb by 0.9% during the 3rd quarter. Roffman Miller Associates Inc. PA now owns 129,580 shares of the financial services provider's stock valued at $37,369,000 after acquiring an additional 1,181 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Chubb by 1.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 259,194 shares of the financial services provider's stock valued at $74,749,000 after acquiring an additional 4,228 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Chubb by 104.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,627 shares of the financial services provider's stock valued at $7,967,000 after acquiring an additional 14,130 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Chubb by 37.4% during the 3rd quarter. MML Investors Services LLC now owns 47,716 shares of the financial services provider's stock valued at $13,761,000 after acquiring an additional 12,997 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. boosted its position in shares of Chubb by 7.5% during the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,150 shares of the financial services provider's stock valued at $620,000 after acquiring an additional 150 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 2.1 %

CB traded down $5.95 during trading hours on Monday, hitting $277.37. 1,217,771 shares of the company's stock were exchanged, compared to its average volume of 1,595,669. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The stock's 50-day moving average is $286.88 and its two-hundred day moving average is $276.48. The stock has a market cap of $111.81 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 6.59 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results 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. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio (DPR) is currently 14.91%.

Analysts Set New Price Targets

A number of equities analysts have commented on CB shares. Jefferies Financial Group boosted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $287.37.

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.