California State Teachers Retirement System Has $167.51 Million Position in Chubb Limited (NYSE:CB)

California State Teachers Retirement System lowered its position in shares of Chubb Limited (NYSE:CB - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,265 shares of the financial services provider's stock after selling 30,393 shares during the quarter. California State Teachers Retirement System owned 0.15% of Chubb worth $167,511,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CB. First Financial Bank Trust Division increased its stake in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after buying an additional 37 shares during the period. Rede Wealth LLC increased its stake in shares of Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock worth $525,000 after acquiring an additional 37 shares during the last quarter. Sfmg LLC raised its holdings in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after acquiring an additional 40 shares in the last quarter. United Asset Strategies Inc. boosted its position in Chubb by 1.3% during the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock valued at $851,000 after purchasing an additional 40 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its stake in Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Price Performance

NYSE CB traded up $4.00 during trading hours on Friday, reaching $287.29. 1,522,613 shares of the company's stock were exchanged, compared to its average volume of 1,629,054. The firm has a fifty day moving average of $287.82 and a 200-day moving average of $281.08. Chubb Limited has a one year low of $244.84 and a one year high of $306.91. The stock has a market cap of $115.12 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb's payout ratio is 17.52%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CB shares. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays reduced their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group boosted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $307.86.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last quarter. Corporate insiders own 0.77% of the company's stock.

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.