Illinois Municipal Retirement Fund Raises Stake in Chubb Limited (NYSE:CB)

Illinois Municipal Retirement Fund boosted its holdings in shares of Chubb Limited (NYSE:CB) by 31.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 74,467 shares of the financial services provider’s stock after purchasing an additional 17,780 shares during the period. Illinois Municipal Retirement Fund’s holdings in Chubb were worth $16,830,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. ZRC Wealth Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the fourth quarter valued at about $32,000. Naples Money Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $34,000. Bell Investment Advisors Inc boosted its holdings in shares of Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $59,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Up 0.5 %

CB traded up $1.29 during trading on Monday, hitting $251.50. 1,460,185 shares of the company’s stock were exchanged, compared to its average volume of 1,727,576. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The stock has a 50 day moving average price of $252.58 and a 200 day moving average price of $234.87. The firm has a market cap of $102.11 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio is presently 15.76%.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. Morgan Stanley raised their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Citigroup restated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Evercore ISI lifted their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. BMO Capital Markets lifted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.37.

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.