Arizona State Retirement System Reduces Stake in Chubb Ltd (CB)

Arizona State Retirement System decreased its holdings in shares of Chubb Ltd (NYSE:CB) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,387 shares of the financial services provider’s stock after selling 26,816 shares during the quarter. Arizona State Retirement System’s holdings in Chubb were worth $15,293,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. Gradient Investments LLC boosted its position in shares of Chubb by 260.0% during the 4th quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 156 shares during the last quarter. Moody National Bank Trust Division acquired a new position in Chubb in the fourth quarter valued at about $37,000. Clean Yield Group acquired a new position in Chubb in the fourth quarter valued at about $82,000. Belpointe Asset Management LLC acquired a new position in Chubb in the third quarter valued at about $100,000. Finally, ELM Advisors LLC acquired a new position in Chubb in the third quarter valued at about $103,000. 87.50% of the stock is owned by institutional investors and hedge funds.

CB has been the topic of a number of recent analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $169.00 target price on shares of Chubb in a ....

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