Oarsman Capital Inc. Has $37,000 Stock Holdings in Chubb Limited (NYSE:CB)

Oarsman Capital Inc. reduced its position in shares of Chubb Limited (NYSE:CB) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134 shares of the financial services provider’s stock after selling 52 shares during the quarter. Oarsman Capital Inc.’s holdings in Chubb were worth $37,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CB. EP Wealth Advisors LLC increased its position in shares of Chubb by 14.0% during the third quarter. EP Wealth Advisors LLC now owns 7,228 shares of the financial services provider’s stock worth $2,085,000 after acquiring an additional 890 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in Chubb by 180.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 27,903 shares of the financial services provider’s stock worth $8,047,000 after purchasing an additional 17,952 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Chubb in the third quarter worth approximately $213,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Chubb by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 38,394 shares of the financial services provider’s stock valued at $11,073,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Kensington Investment Counsel LLC boosted its position in shares of Chubb by 6.1% during the third quarter. Kensington Investment Counsel LLC now owns 1,643 shares of the financial services provider’s stock valued at $474,000 after buying an additional 95 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CB shares. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler raised their price target on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $303.14.

Chubb Price Performance

CB opened at $280.74 on Monday. The firm has a 50-day moving average price of $282.25 and a 200-day moving average price of $281.69. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. 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 has a market capitalization of $112.41 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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%. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Insider Activity

In other news, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. Company insiders own 0.86% of the company’s stock.

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.