Oppenheimer Asset Management Inc. Raises Holdings in Chubb Limited (NYSE:CB)

Oppenheimer Asset Management Inc. raised its position in Chubb Limited (NYSE:CB) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,448 shares of the financial services provider’s stock after acquiring an additional 285 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Chubb were worth $36,466,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CB. Pathway Financial Advisers LLC bought a new position in Chubb during the first quarter valued at $25,000. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Chubb during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb in the 2nd quarter valued at about $28,000. Finally, Kozak & Associates Inc. purchased a new position in shares of Chubb in the third quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.1 %

NYSE:CB traded up $0.32 during mid-day trading on Wednesday, hitting $283.21. The company had a trading volume of 78,113 shares, compared to its average volume of 1,601,119. The firm has a market cap of $114.16 billion, a P/E ratio of 11.59, a P/E/G ratio of 6.59 and a beta of 0.67. The business’s fifty day moving average is $287.99 and its two-hundred day moving average is $272.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $216.26 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. As a group, research analysts expect that Chubb Limited will post 21.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Barclays assumed coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $287.37.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. 0.86% of the stock is currently owned by insiders.

Chubb 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.