Chubb Limited $CB Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Chubb Limited (NYSE:CB) by 45.0% in the third quarter, Holdings Channel reports. The institutional investor owned 61,969 shares of the financial services provider’s stock after acquiring an additional 19,240 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Chubb were worth $20,155,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CB. IMG Wealth Management Inc. bought a new stake in Chubb during the 2nd quarter valued at $25,000. Dunhill Financial LLC bought a new position in shares of Chubb in the 2nd quarter worth $25,000. Parvin Asset Management LLC bought a new position in shares of Chubb in the 2nd quarter worth $26,000. Highland Investment Advisors LLC bought a new position in shares of Chubb in the 2nd quarter worth $26,000. Finally, Frazier Financial Advisors LLC lifted its stake in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CB. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on Chubb from $350.00 to $360.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 27th. Mizuho boosted their target price on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Piper Sandler boosted their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Evercore reissued an “outperform” rating and set a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $362.78.

Chubb Price Performance

NYSE CB opened at $364.12 on Friday. The firm’s fifty day simple moving average is $343.33 and its two-hundred day simple moving average is $333.76. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. Chubb Limited has a 12-month low of $273.35 and a 12-month high of $369.00. The firm has a market capitalization of $139.12 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.69 and a beta of 0.36.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same period in the prior year, the firm posted $7.49 earnings per share. Analysts forecast that Chubb Limited will post 28.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s payout ratio is 14.28%.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Connors sold 5,500 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.