Teachers Retirement System of The State of Kentucky Purchases 1,678 Shares of Chubb Limited (NYSE:CB)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 214,387 shares of the financial services provider's stock after acquiring an additional 1,678 shares during the period. Chubb comprises about 0.5% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 25th biggest position. Teachers Retirement System of The State of Kentucky owned 0.05% of Chubb worth $59,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CB. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the last quarter. Human Investing LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC bought a new stake in Chubb during the 4th quarter worth approximately $37,000. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company's stock.

Chubb Trading Down 1.9 %

Shares of Chubb stock traded down $5.66 on Wednesday, hitting $284.76. 2,102,700 shares of the company's stock traded hands, compared to its average volume of 1,632,911. The firm's 50-day moving average price is $285.78 and its two-hundred day moving average price is $281.10. 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 stock has a market capitalization of $114.10 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a one year low of $238.85 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CB. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their price target on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. UBS Group boosted their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Finally, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $307.21.

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.