Oak Thistle LLC Invests $377,000 in Chubb Limited (NYSE:CB)

Oak Thistle LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,456 shares of the financial services provider’s stock, valued at approximately $377,000.

Other hedge funds also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the 4th quarter worth $29,000. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter worth about $29,000. EdgeRock Capital LLC bought a new position in shares of Chubb in the fourth quarter worth about $35,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $32,000. Finally, Northwest Financial Advisors bought a new stake in shares of Chubb during the 4th quarter valued at approximately $33,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $254.76 on Tuesday. The stock has a market capitalization of $103.45 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.16 and a beta of 0.66. Chubb Limited has a 52-week low of $186.52 and a 52-week high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50 day moving average price is $259.30 and its two-hundred day moving average price is $248.79.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.41 EPS. On average, equities analysts predict that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now owns 284,136 shares in the company, valued at $71,596,589.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock valued at $12,149,985 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and issued a $285.00 target price on shares of Chubb in a research report on Friday. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday. Citigroup reaffirmed a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. The Goldman Sachs Group lifted their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Bank of America upgraded shares of Chubb from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $244.00 to $266.00 in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $266.70.

Chubb 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.