Teachers Retirement System of The State of Kentucky cut its holdings in Chubb Ltd (NYSE:CB) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,125 shares of the financial services provider’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Chubb were worth $15,946,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fiduciary Financial Services of The Southwest Inc. TX lifted its stake in Chubb by 5.5% during the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 6,468 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 337 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its stake in Chubb by 1.0% during the fourth quarter. Pillar Pacific Capital Management LLC now owns 36,179 shares of the financial services provider’s stock worth $5,286,000 after purchasing an additional 342 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in Chubb by 0.5% during the third quarter. Pittenger & Anderson Inc. now owns 64,337 shares of the financial services provider’s stock worth $9,171,000 after purchasing an additional 345 shares in the last quarter. Torch Wealth Management LLC lifted its stake in Chubb by 2.4% during the fourth quarter. Torch Wealth Management LLC now owns 14,893 shares of the financial services provider’s stock worth $2,176,000 after purchasing an additional 348 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Chubb by 6.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,013 shares of the financial services provider’s stock worth $879,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 89.16% of the company’s stock.
In related news, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Juan C. Andrade sold 9,373 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $146.06, for a total transaction of $1,369,020.38. Following the sale, the insider now directly owns 110,195 shares of the company’s stock, valued at $16,095,081.70. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.
Shares of Chubb Ltd (NYSE CB) opened at $141.94 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.30. Chubb Ltd has a 1 year low of $133.82 and a 1 year high of $157.50. The firm has a market cap of $66,406.82, a PE ratio of 17.84, a P/E/G ratio of 1.33 and a beta of 1.01.
Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping the consensus estimate of $2.31 by $0.86. The firm had revenue of $7.05 billion during the quarter, compared to analysts’ expectations of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. Chubb’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS. research analysts expect that Chubb Ltd will post 10.75 earnings per share for the current year.
Chubb announced that its board has approved a stock repurchase plan on Thursday, December 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, March 28th. Chubb’s dividend payout ratio (DPR) is presently 34.63%.
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Chubb Company Profile
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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