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

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

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its position in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the last quarter. Barclays PLC grew its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after buying an additional 389,343 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock valued at $266,940,000 after buying an additional 7,462 shares during the last quarter. Finally, National Pension Service grew its position in shares of Chubb by 14.1% in the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider’s stock valued at $234,497,000 after buying an additional 100,470 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE:CB opened at $285.34 on Friday. The firm has a 50 day simple moving average of $271.02 and a 200-day simple moving average of $279.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market cap of $115.02 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective 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. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $295.73.

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.