Teachers Advisors LLC decreased its position in shares of Chubb Ltd (NYSE:CB) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,799,766 shares of the financial services provider’s stock after selling 102,071 shares during the period. Teachers Advisors LLC owned 0.39% of Chubb worth $263,000,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in shares of Chubb during the fourth quarter valued at approximately $220,000. Bainco International Investors lifted its stake in shares of Chubb by 8.8% during the fourth quarter. Bainco International Investors now owns 71,540 shares of the financial services provider’s stock valued at $10,382,000 after buying an additional 5,795 shares during the period. California State Teachers Retirement System lifted its stake in shares of Chubb by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 822,707 shares of the financial services provider’s stock valued at $120,222,000 after buying an additional 4,929 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $215,000. Finally, Premia Global Advisors LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $260,000. 89.16% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $170.00 price target on shares of Chubb in a research note on Wednesday, January 31st. Bank of America increased their price target on shares of Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Credit Suisse Group reaffirmed a “neutral” rating and set a $156.00 price target on shares of Chubb in a research note on Tuesday, December 19th. Finally, Goldman Sachs Group initiated coverage on shares of Chubb in a research note on Monday, December 4th. They set a “buy” rating and a $167.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Chubb presently has a consensus rating of “Buy” and a consensus target price of $165.25.
Chubb Ltd (NYSE CB) opened at $144.00 on Monday. Chubb Ltd has a one year low of $133.82 and a one year high of $157.50. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. The company has a market cap of $66,830.00, a price-to-earnings ratio of 16.33, a PEG ratio of 1.34 and a beta of 1.01.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.86. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter last year, the firm posted $2.72 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts forecast that Chubb Ltd will post 10.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, March 28th. Chubb’s dividend payout ratio is presently 32.20%.
Chubb announced that its board has authorized a share buyback plan on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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