State of Alaska Department of Revenue lifted its stake in shares of Chubb Ltd (NYSE:CB) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,421 shares of the financial services provider’s stock after buying an additional 3,333 shares during the period. State of Alaska Department of Revenue’s holdings in Chubb were worth $10,076,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. WCM Investment Management LLC lifted its position in Chubb by 100.6% during the first quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after purchasing an additional 7,040,520 shares during the period. FMR LLC lifted its position in Chubb by 0.6% during the first quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock valued at $1,665,503,000 after purchasing an additional 74,295 shares during the period. JPMorgan Chase & Co. lifted its position in Chubb by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 6,205,421 shares of the financial services provider’s stock valued at $869,256,000 after purchasing an additional 203,528 shares during the period. Geode Capital Management LLC lifted its position in Chubb by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 5,631,484 shares of the financial services provider’s stock valued at $726,121,000 after purchasing an additional 383,344 shares during the period. Finally, Northern Trust Corp lifted its position in Chubb by 1.1% during the first quarter. Northern Trust Corp now owns 5,376,229 shares of the financial services provider’s stock valued at $753,101,000 after purchasing an additional 56,907 shares during the period. Institutional investors and hedge funds own 88.98% of the company’s stock.

A number of research analysts recently issued reports on CB shares. Sandler O’Neill upgraded shares of Independent Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Barclays set a $34.00 target price on shares of DCP Midstream and gave the company a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Raymond James boosted their target price on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 5th. Finally, UBS Group set a €36.00 ($41.86) target price on shares of Siemens Healthineers and gave the company a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chubb presently has an average rating of “Hold” and an average price target of $150.55.

Shares of Chubb stock traded down $0.06 during trading hours on Tuesday, reaching $153.22. The stock had a trading volume of 49,936 shares, compared to its average volume of 1,332,713. The company’s 50 day simple moving average is $149.42. The stock has a market cap of $70.04 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.47 and a beta of 0.73. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $154.05. The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.02. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 earnings per share. On average, analysts forecast that Chubb Ltd will post 10.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were given a $0.75 dividend. The ex-dividend date was Thursday, June 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio is 31.78%.

In other news, CAO Paul Bennett Medini sold 2,750 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $145.52, for a total transaction of $400,180.00. Following the completion of the sale, the chief accounting officer now owns 91,659 shares of the company’s stock, valued at $13,338,217.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 215,648 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $148.84, for a total transaction of $32,097,048.32. Following the sale, the chief executive officer now directly owns 1,002,730 shares of the company’s stock, valued at approximately $149,246,333.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 338,696 shares of company stock valued at $50,281,372. Insiders own 0.47% of the company’s stock.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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