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

Oppenheimer Asset Management Inc. raised its holdings in Chubb Limited (NYSE:CB) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,830 shares of the financial services provider’s stock after purchasing an additional 382 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Chubb were worth $35,043,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter worth about $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter worth about $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter worth about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Chubb stock opened at $273.47 on Thursday. The firm has a 50 day simple moving average of $270.60 and a 200-day simple moving average of $279.59. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. 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 stock has a market cap of $110.24 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

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, 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, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. 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. Morgan Stanley upped their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. 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. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Chubb 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.