Oak Harvest Investment Services Buys Shares of 1,819 Chubb Limited (NYSE:CB)

Oak Harvest Investment Services purchased a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,819 shares of the financial services provider’s stock, valued at approximately $503,000.

Several other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $274.76 on Friday. The firm has a market capitalization of $110.76 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50 day simple moving average is $275.63 and its 200-day simple moving average is $279.20. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

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

Chubb Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CB. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods upped their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $289.78.

About Chubb

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.