Public Employees Retirement Association of Colorado Invests $109.95 Million in Chubb Limited (NYSE:CB)

Public Employees Retirement Association of Colorado purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 397,945 shares of the financial services provider's stock, valued at approximately $109,952,000. Public Employees Retirement Association of Colorado owned 0.10% of Chubb as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC lifted its position in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Invst LLC raised its stake in shares of Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock worth $264,000 after buying an additional 52 shares in the last quarter. Boyar Asset Management Inc. lifted its holdings in shares of Chubb by 3.8% in the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after buying an additional 102 shares during the period. World Investment Advisors LLC boosted its stake in Chubb by 895.5% during the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after buying an additional 28,950 shares in the last quarter. Finally, Sfmg LLC grew its holdings in 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 during the period. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CB shares. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday. Keefe, Bruyette & Woods reduced their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Chubb presently has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Chubb Trading Down 0.9 %

Shares of Chubb stock traded down $2.46 on Thursday, hitting $283.62. 1,370,614 shares of the company's stock traded hands, compared to its average volume of 1,627,441. The firm's 50-day moving average price is $287.43 and its two-hundred day moving average price is $281.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $113.64 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a one year low of $244.84 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio is 17.52%.

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.