1,819 Shares in Chubb Limited (NYSE:CB) Bought by Oak Harvest Investment Services

Oak Harvest Investment Services purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,819 shares of the financial services provider’s stock, valued at approximately $503,000.

Several other large investors have also added to or reduced their stakes in CB. Mediolanum International Funds Ltd increased its holdings in Chubb by 31.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 65,757 shares of the financial services provider’s stock worth $18,066,000 after buying an additional 15,702 shares during the period. Crews Bank & Trust purchased a new position in shares of Chubb during the fourth quarter worth $86,000. Capital Investment Advisory Services LLC lifted its position in Chubb by 7.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 990 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 71 shares during the period. Gries Financial LLC boosted its holdings in Chubb by 36.1% in the fourth quarter. Gries Financial LLC now owns 1,526 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 405 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its position in Chubb by 5.1% during the 4th quarter. Hanson & Doremus Investment Management now owns 13,562 shares of the financial services provider’s stock worth $3,747,000 after purchasing an additional 662 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CB shares. Keefe, Bruyette & Woods upped their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $289.78.

Chubb Stock Performance

NYSE:CB opened at $274.76 on Friday. The company has a market cap of $110.76 billion, a P/E ratio of 11.25, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company’s 50-day moving average price is $275.63 and its 200-day moving average price is $279.20. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, sell-side analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.