Texas Permanent School Fund Corp Has $21.71 Million Stock Holdings in Chubb Limited (NYSE:CB)

Texas Permanent School Fund Corp lessened its position in shares of Chubb Limited (NYSE:CB) by 0.5% during the 1st quarter, HoldingsChannel reports. The fund owned 83,780 shares of the financial services provider’s stock after selling 463 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Chubb were worth $21,710,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alphinity Investment Management Pty Ltd lifted its stake in Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the period. ING Groep NV lifted its stake in Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after buying an additional 112,242 shares during the period. Graypoint LLC lifted its stake in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares during the period. BKM Wealth Management LLC acquired a new position in Chubb in the fourth quarter valued at about $1,403,000. Finally, Bison Wealth LLC acquired a new position in Chubb in the fourth quarter valued at about $263,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. HSBC reaffirmed a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Evercore ISI raised their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Citigroup reaffirmed a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $267.65.

Chubb Stock Up 0.7 %

CB stock traded up $1.72 during mid-day trading on Thursday, reaching $258.04. The company had a trading volume of 1,520,642 shares, compared to its average volume of 1,653,202. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50 day simple moving average of $260.29 and a two-hundred day simple moving average of $250.48. The company has a market capitalization of $104.78 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 6.11 and a beta of 0.66. Chubb Limited has a 52 week low of $186.52 and a 52 week high of $275.41.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $4.41 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.41%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. In the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by company insiders.

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.