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

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

A number of other hedge funds also recently added to or reduced their stakes in CB. Continuum Advisory LLC lifted its holdings 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 buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CB. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced 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 restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Price Performance

Shares of NYSE:CB opened at $273.47 on Thursday. The company has a market cap of $110.24 billion, a P/E ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67. 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 50-day moving average price of $270.60 and a 200 day moving average price of $279.59. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results 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 return on equity of 13.75% and a net margin of 16.63%. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

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.