Teacher Retirement System of Texas Has $20.99 Million Holdings in Chubb Limited $CB

Teacher Retirement System of Texas raised its holdings in Chubb Limited (NYSE:CB) by 11.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,382 shares of the financial services provider’s stock after buying an additional 7,677 shares during the period. Teacher Retirement System of Texas’ holdings in Chubb were worth $20,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitchell & Pahl Private Wealth LLC raised its stake in Chubb by 0.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after acquiring an additional 35 shares during the period. Covestor Ltd increased its holdings in shares of Chubb by 26.1% in the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 37 shares during the last quarter. Evermay Wealth Management LLC raised its position in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares during the period. JT Stratford LLC lifted its stake in shares of Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after buying an additional 38 shares during the last quarter. Finally, Jacobsen Capital Management boosted its holdings in shares of Chubb by 5.3% during the 2nd quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock worth $224,000 after buying an additional 39 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on CB shares. The Goldman Sachs Group raised shares of Chubb from a “neutral” rating to a “buy” rating and increased their price target for the company from $309.00 to $351.00 in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, Morgan Stanley set a $350.00 price objective on Chubb in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.81.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the sale, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 over the last quarter. 0.77% of the stock is owned by company insiders.

Chubb Trading Up 0.0%

Shares of NYSE:CB opened at $300.93 on Friday. The business’s 50 day simple moving average is $303.93 and its 200 day simple moving average is $286.59. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $118.43 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.28 and a beta of 0.51.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Chubb Company 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.