Chubb Limited $CB Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in Chubb Limited (NYSE:CB) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,390 shares of the financial services provider’s stock after purchasing an additional 1,781 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Chubb were worth $36,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI raised its stake in Chubb by 1.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 48,790 shares of the financial services provider’s stock valued at $15,248,000 after purchasing an additional 504 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Chubb by 61.1% during the 4th quarter. North Star Investment Management Corp. now owns 311 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 118 shares during the last quarter. Activest Wealth Management increased its stake in shares of Chubb by 3,409.1% during the 4th quarter. Activest Wealth Management now owns 386 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 375 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb during the 4th quarter valued at about $31,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Chubb during the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is currently owned by company insiders.

Chubb Stock Up 0.4%

NYSE CB opened at $327.20 on Friday. The business has a 50 day moving average price of $329.03 and a two-hundred day moving average price of $310.95. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market cap of $126.91 billion, a PE ratio of 11.55, a P/E/G ratio of 1.67 and a beta of 0.49.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, sell-side analysts predict that Chubb Limited will post 26.68 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were paid a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 13.70%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. UBS Group reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Wolfe Research upped their price objective on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Bank of America dropped their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $349.33.

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.