Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,904 Shares of Chubb Limited $CB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Chubb Limited (NYSE:CB) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,134 shares of the financial services provider’s stock after selling 3,904 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Chubb were worth $26,572,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GoodHaven Capital Management LLC lifted its holdings in shares of Chubb by 12.8% during the 4th quarter. GoodHaven Capital Management LLC now owns 54,330 shares of the financial services provider’s stock worth $16,957,000 after acquiring an additional 6,150 shares during the period. Cherry Tree Wealth Management LLC lifted its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. Norges Bank bought a new position in shares of Chubb during the 4th quarter worth about $1,081,190,000. Eurizon SLJ Capital Ltd bought a new position in shares of Chubb during the 4th quarter worth about $505,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Chubb during the 4th quarter worth about $1,047,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CB shares. Wells Fargo & Company raised their price objective on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Barclays raised their price objective on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Trading Down 0.1%

Shares of Chubb stock opened at $311.54 on Monday. The stock has a market capitalization of $120.84 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.59 and a beta of 0.41. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $325.57 and a 200 day simple moving average of $317.31. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Research analysts expect that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.