Occidental Asset Management LLC Buys 1,019 Shares of Chubb Limited (NYSE:CB)

Occidental Asset Management LLC increased its position in shares of Chubb Limited (NYSE:CB) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,361 shares of the financial services provider’s stock after acquiring an additional 1,019 shares during the quarter. Occidental Asset Management LLC’s holdings in Chubb were worth $3,415,000 as of its most recent SEC filing.

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

Chubb Price Performance

Shares of NYSE CB opened at $273.49 on Friday. The business’s 50 day moving average is $278.22 and its 200-day moving average is $278.09. The firm has a market cap of $110.25 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $4.95 earnings per share. Equities research analysts predict that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $288.17.

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.