Sierra Ocean LLC Invests $29,000 in Chubb Limited (NYSE:CB)

Sierra Ocean LLC purchased a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104 shares of the financial services provider’s stock, valued at approximately $29,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank increased its holdings in shares of Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC increased its holdings 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 worth $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in shares of Chubb in the 3rd quarter worth about $721,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, Evercore ISI raised their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

NYSE:CB opened at $266.39 on Wednesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $271.28 and a 200-day moving average of $279.58. The firm has a market cap of $107.38 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.41 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, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 16.02%.

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.