Louisiana State Employees Retirement System Lowers Stock Holdings in Chubb Limited (NYSE:CB)

Louisiana State Employees Retirement System cut its stake in shares of Chubb Limited (NYSE:CB) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,200 shares of the financial services provider’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Chubb were worth $5,581,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Schear Investment Advisers LLC lifted its holdings in shares of Chubb by 2.7% during the fourth quarter. Schear Investment Advisers LLC now owns 7,002 shares of the financial services provider’s stock worth $1,935,000 after purchasing an additional 186 shares during the period. Portfolio Design Labs LLC raised its position in Chubb by 11.4% during the 4th quarter. Portfolio Design Labs LLC now owns 2,402 shares of the financial services provider’s stock worth $664,000 after buying an additional 246 shares during the last quarter. New Republic Capital LLC lifted its stake in shares of Chubb by 6.6% in the 4th quarter. New Republic Capital LLC now owns 778 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 48 shares during the period. Peterson Wealth Services boosted its holdings in shares of Chubb by 5.7% in the fourth quarter. Peterson Wealth Services now owns 10,079 shares of the financial services provider’s stock valued at $2,785,000 after acquiring an additional 544 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Chubb during the fourth quarter worth about $4,188,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 1.1 %

Shares of NYSE:CB opened at $265.07 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $106.85 billion, a P/E ratio of 11.67, a P/E/G ratio of 3.41 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock’s fifty day simple moving average is $272.68 and its 200-day simple moving average is $279.82.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.