Oarsman Capital Inc. Reduces Stock Position in Chubb Limited (NYSE:CB)

Oarsman Capital Inc. decreased its position in Chubb Limited (NYSE:CB) by 28.0% during the fourth quarter, Holdings Channel.com reports. The fund 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KCM Investment Advisors LLC increased its stake in shares of Chubb by 1.8% during the fourth quarter. KCM Investment Advisors LLC now owns 16,627 shares of the financial services provider’s stock valued at $4,594,000 after buying an additional 299 shares during the period. Unison Advisors LLC boosted its holdings in Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $3,742,000 after acquiring an additional 41 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Chubb by 15.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 527 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 70 shares during the period. Climber Capital SA bought a new position in Chubb in the 4th quarter worth $232,000. Finally, Pitcairn Co. lifted its position in shares of Chubb by 8.6% in the 4th quarter. Pitcairn Co. now owns 5,930 shares of the financial services provider’s stock worth $1,638,000 after purchasing an additional 472 shares during the period. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last three months. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $280.74 on Monday. The firm has a market cap of $112.41 billion, a P/E ratio of 12.36, a PEG ratio of 3.36 and a beta of 0.66. 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 50 day moving average of $282.25 and a 200 day moving average of $281.69.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Piper Sandler lifted their price target on 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 decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock 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 given a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $303.14.

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.