Chubb Limited (NYSE:CB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in Chubb Limited (NYSE:CB - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,709 shares of the financial services provider's stock after selling 4,185 shares during the period. Chubb comprises 0.5% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 23rd biggest holding. Teachers Retirement System of The State of Kentucky owned about 0.05% of Chubb worth $61,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Asset Allocation Strategies LLC bought a new position in shares of Chubb during the 3rd quarter worth $207,000. Coldstream Capital Management Inc. increased its position in Chubb by 20.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,497 shares of the financial services provider's stock valued at $1,870,000 after purchasing an additional 1,124 shares during the period. Brophy Wealth Management LLC bought a new stake in shares of Chubb in the 3rd quarter valued at about $274,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Finally, Barclays PLC boosted its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Piper Sandler raised 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. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $287.37.

Chubb Price Performance

Shares of NYSE:CB traded up $1.62 during trading on Wednesday, reaching $276.22. 1,359,704 shares of the company's stock traded hands, compared to its average volume of 1,599,397. 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 Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a 50-day simple moving average of $286.31 and a 200-day simple moving average of $276.65. The firm has a market cap of $111.34 billion, a PE ratio of 11.28, a P/E/G ratio of 6.59 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same period in the previous year, the business earned $4.95 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb's dividend payout ratio (DPR) is presently 14.91%.

Chubb Company 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.