Chubb Limited $CB Shares Sold by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey cut its stake in Chubb Limited (NYSE:CB) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,535 shares of the financial services provider’s stock after selling 2,490 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Chubb were worth $16,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CB. GQG Partners LLC raised its holdings in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the last quarter. Nuveen LLC acquired a new position in shares of Chubb in the 1st quarter valued at $562,221,000. Ameriprise Financial Inc. raised its stake in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the last quarter. Citigroup Inc. lifted its position in Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares during the period. Finally, AQR Capital Management LLC grew its stake in Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after purchasing an additional 231,404 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Barclays upped their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $309.00 price objective on shares of Chubb in a research note on Monday, October 27th. Wolfe Research boosted their target price on shares of Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. UBS Group upped their price target on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Wells Fargo & Company lifted their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $307.79.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Chubb Price Performance

Shares of NYSE CB opened at $294.91 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a fifty day moving average of $279.71 and a 200 day moving average of $280.78. The firm has a market cap of $116.06 billion, a PE ratio of 12.31, a PEG ratio of 2.74 and a beta of 0.58. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.72 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

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.