Teacher Retirement System of Texas Increases Stock Holdings in Chubb Limited (NYSE:CB)

Teacher Retirement System of Texas lifted its position in Chubb Limited (NYSE:CB - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,765 shares of the financial services provider's stock after acquiring an additional 19,958 shares during the quarter. Teacher Retirement System of Texas' holdings in Chubb were worth $22,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CB. Demars Financial Group LLC lifted its holdings in Chubb by 26,761.4% during 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 purchasing an additional 5,340,499 shares during the last quarter. Norges Bank purchased a new stake in Chubb during the fourth quarter valued at about $1,169,720,000. GAMMA Investing LLC lifted its holdings in Chubb by 36,831.3% during the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock valued at $629,357,000 after purchasing an additional 2,078,390 shares during the last quarter. Royal Bank of Canada lifted its holdings in Chubb by 46.7% during the fourth 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 purchasing an additional 1,403,545 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at about $336,972,000. Institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the transaction, the chief operating officer owned 237,728 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 in the last 90 days. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. UBS Group upped their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chubb presently has an average rating of "Moderate Buy" and a consensus target price of $306.00.

Chubb Price Performance

NYSE CB traded down $3.81 on Monday, reaching $279.99. 662,688 shares of the company's stock traded hands, compared to its average volume of 1,635,291. Chubb Limited has a 12 month low of $251.42 and a 12 month high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a 50-day simple moving average of $287.96 and a 200 day simple moving average of $282.16. The stock has a market cap of $112.20 billion, a PE ratio of 13.48, a P/E/G ratio of 3.16 and a beta of 0.53.

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

Chubb announced that its Board of Directors has approved a share repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.39%. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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.