New York State Teachers Retirement System Has $91.98 Million Stock Holdings in Chubb Limited (NYSE:CB)

New York State Teachers Retirement System lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,572 shares of the financial services provider's stock after selling 18,673 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Chubb worth $91,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Demars Financial Group LLC grew its position in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares in the last quarter. Norges Bank bought a new stake in Chubb during the fourth quarter valued at $1,169,720,000. Raymond James Financial Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $1,158,897,000. GAMMA Investing LLC lifted its position in shares of Chubb by 36,831.3% in the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after buying an additional 2,078,390 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Chubb by 46.7% in the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock valued at $1,217,392,000 after buying an additional 1,403,545 shares during the period. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 9,794 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,390 shares of company stock valued at $29,163,135. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Raymond James Financial reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Finally, UBS Group boosted their price target on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $307.53.

Chubb Trading Up 0.7%

CB stock traded up $1.91 during mid-day trading on Thursday, reaching $281.99. 1,523,457 shares of the stock traded hands, compared to its average volume of 1,633,880. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The stock's fifty day moving average is $287.90 and its 200-day moving average is $281.94. The company has a market cap of $113.00 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.22 and a beta of 0.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has approved a stock buyback program on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.97 dividend. The ex-dividend date is Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.38%. Chubb's dividend payout ratio is 18.67%.

Chubb 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.