Chubb Limited (NYSE:CB) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,178 shares of the financial services provider’s stock after purchasing an additional 422 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chubb were worth $6,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. raised its position in shares of Chubb by 8.4% in the third quarter. Pinnacle Associates Ltd. now owns 16,461 shares of the financial services provider’s stock worth $4,747,000 after acquiring an additional 1,281 shares during the period. HM Payson & Co. raised its position in shares of Chubb by 6.9% in the third quarter. HM Payson & Co. now owns 8,553 shares of the financial services provider’s stock worth $2,467,000 after acquiring an additional 555 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Chubb by 0.5% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 122,721 shares of the financial services provider’s stock worth $35,391,000 after purchasing an additional 619 shares during the last quarter. Stephens Inc. AR raised its position in shares of Chubb by 2.7% during the 3rd quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider’s stock worth $2,848,000 after purchasing an additional 260 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Chubb by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider’s stock worth $3,251,000 after purchasing an additional 222 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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 report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Price Performance

Chubb stock opened at $285.34 on Friday. The firm has a market cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 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 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’s 50 day moving average is $271.02 and its two-hundred day moving average is $279.73.

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, topping 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%. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Chubb Company Profile

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.