Public Employees Retirement System of Ohio Sells 7,220 Shares of Chubb Limited (NYSE:CB)

Public Employees Retirement System of Ohio cut its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,114 shares of the financial services provider's stock after selling 7,220 shares during the period. Public Employees Retirement System of Ohio's holdings in Chubb were worth $49,213,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CB. Vanguard Group Inc. increased its stake in Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after acquiring an additional 271,648 shares during the last quarter. FMR LLC lifted its stake in shares of Chubb by 0.6% during the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after purchasing an additional 91,892 shares during the last quarter. Capital World Investors raised its stake in Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after buying an additional 212,889 shares during the last quarter. Capital Research Global Investors raised its stake in Chubb by 1.5% in the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after buying an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC raised its stake in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after buying an additional 5,340,499 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 1.3%

Chubb stock traded up $3.61 during mid-day trading on Tuesday, hitting $289.71. 1,660,863 shares of the company's stock were exchanged, compared to its average volume of 1,610,853. The firm has a market capitalization of $116.09 billion, a P/E ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.57. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company's 50 day simple moving average is $288.01 and its 200-day simple moving average is $281.12.

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

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is presently 18.67%.

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

Analysts Set New Price Targets

A number of research firms have weighed in on CB. 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 report on Wednesday, March 5th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $307.53.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 85,083 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the completion of the sale, the chief operating officer now directly owns 237,728 shares of the company's stock, valued at approximately $68,998,174.72. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,553 shares of company stock valued at $43,257,220. 0.86% of the stock is currently owned by insiders.

About Chubb

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.