Chubb Limited $CB Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in shares of Chubb Limited (NYSE:CB) by 18.9% in the third quarter, HoldingsChannel.com reports. The firm owned 258,486 shares of the financial services provider’s stock after acquiring an additional 41,026 shares during the quarter. Retirement Systems of Alabama’s holdings in Chubb were worth $72,958,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in Chubb in the second quarter valued at approximately $32,000. Heartwood Wealth Advisors LLC purchased a new position in Chubb in the third quarter valued at approximately $34,000. Finally, Financial Consulate Inc. acquired a new stake in Chubb during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. This represents a 45.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Friday, January 16th. Barclays lifted their target price on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Mizuho set a $317.00 price target on Chubb in a research note on Wednesday, January 14th. Finally, Morgan Stanley set a $350.00 price target on Chubb in a research report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.81.

Chubb Stock Up 0.0%

CB opened at $300.93 on Friday. Chubb Limited has a 52 week low of $263.14 and a 52 week high of $316.94. The business has a 50 day moving average price of $303.93 and a two-hundred day moving average price of $286.59. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $118.43 billion, a PE ratio of 12.56, a P/E/G ratio of 3.28 and a beta of 0.51.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.