Oregon Public Employees Retirement Fund Boosts Position in Chubb Limited $CB

Oregon Public Employees Retirement Fund increased its position in shares of Chubb Limited (NYSE:CB) by 31.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 42,331 shares of the financial services provider’s stock after acquiring an additional 10,202 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Chubb were worth $11,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Chubb in the 2nd quarter valued at about $1,195,137,000. Bank of America Corp DE raised its position in shares of Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. London Co. of Virginia lifted its holdings in Chubb by 211.0% in the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after acquiring an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC grew its position in Chubb by 46.9% in the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after acquiring an additional 444,557 shares during the period. Finally, Troy Asset Management Ltd increased its stake in Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after acquiring an additional 373,872 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CB shares. Jefferies Financial Group upped their price target on Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Evercore ISI reaffirmed an “outperform” rating and issued a $346.00 target price on shares of Chubb in a research report on Wednesday. Mizuho began coverage on shares of Chubb in a research note on Monday, December 15th. They set a “neutral” rating and a $318.00 target price for the company. Cantor Fitzgerald reissued a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $318.00.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Down 2.0%

Shares of NYSE:CB opened at $306.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $120.72 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The firm’s 50-day moving average is $301.38 and its two-hundred day moving average is $285.36. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $316.94.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.72 earnings per share. Analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s payout ratio is 16.19%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.