Kentucky Retirement Systems Trims Holdings in Chubb Limited (NYSE:CB)

Kentucky Retirement Systems lowered its stake in shares of Chubb Limited (NYSE:CB) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,815 shares of the financial services provider’s stock after selling 355 shares during the period. Kentucky Retirement Systems’ holdings in Chubb were worth $7,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after buying an additional 130,629 shares during the period. Czech National Bank grew its position in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 4,757 shares in the last quarter. Barclays PLC lifted its position in shares of Chubb by 28.1% during 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 in the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of Chubb in the third quarter valued at approximately $721,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.5 %

Shares of CB stock opened at $267.69 on Friday. The business’s fifty day moving average price is $270.77 and its 200 day moving average price is $279.37. The firm has a market capitalization of $107.90 billion, a PE ratio of 11.78, a P/E/G ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $295.73.

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.