Oppenheimer & Co. Inc. Lowers Position in Chubb Limited $CB

Oppenheimer & Co. Inc. decreased its stake in shares of Chubb Limited (NYSE:CB) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,516 shares of the financial services provider’s stock after selling 2,727 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Chubb were worth $6,403,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CB. Cedar Mountain Advisors LLC raised its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb during the third quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new position in Chubb during the fourth quarter valued at $31,000. Ares Financial Consulting LLC purchased a new position in Chubb during the fourth quarter valued at $32,000. Finally, Cornerstone Planning Group LLC raised its stake in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.2%

Chubb stock opened at $326.39 on Friday. The firm has a market cap of $126.59 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. The stock has a fifty day simple moving average of $329.03 and a two-hundred day simple moving average of $311.15. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities analysts predict that Chubb Limited will post 26.74 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 13.70%.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. Citigroup lifted their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. The Goldman Sachs Group lifted their price objective on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Barclays lifted their price objective on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Bank of America reduced their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $349.33.

Chubb 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.