New York State Common Retirement Fund Has $202.64 Million Stock Position in Chubb Limited (NYSE:CB)

New York State Common Retirement Fund lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 670,998 shares of the financial services provider's stock after purchasing an additional 8,254 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of Chubb worth $202,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CB. Brighton Jones LLC grew its position in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter worth approximately $205,000. Bank Pictet & Cie Europe AG acquired a new position in Chubb during the 4th quarter worth approximately $1,320,000. Proficio Capital Partners LLC boosted its position in Chubb by 50.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,942 shares of the financial services provider's stock worth $813,000 after acquiring an additional 988 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in Chubb by 5.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,328 shares of the financial services provider's stock worth $367,000 after acquiring an additional 72 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 1.0%

Shares of Chubb stock traded down $2.88 on Friday, reaching $277.66. 1,249,414 shares of the company were exchanged, compared to its average volume of 1,646,171. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a 50-day moving average of $287.42 and a 200 day moving average of $282.25. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $111.27 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.09 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly 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. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is 18.67%.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 9,794 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $292.99, for a total value of $2,869,544.06. Following the sale, the chief operating officer owned 247,538 shares in the company, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,390 shares of company stock worth $29,163,135. 0.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Jefferies Financial Group upped their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods upped their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.13.

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.