Chubb Limited (NYSE:CB) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,079 shares of the financial services provider's stock after selling 6,398 shares during the quarter. State of Tennessee Department of Treasury's holdings in Chubb were worth $40,085,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CB. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new position in Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after buying an additional 89 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $36,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. UBS Group raised their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.79.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company's stock.

Chubb Price Performance

Chubb stock traded down $2.93 during midday trading on Friday, reaching $279.07. The company had a trading volume of 2,381,203 shares, compared to its average volume of 1,630,854. Chubb Limited has a 12-month low of $242.25 and a 12-month high of $306.91. The firm's fifty day simple moving average is $286.14 and its 200-day simple moving average is $281.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $111.82 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

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.