Trust Co. of Oklahoma Has $1.56 Million Stock Position in Chubb Limited (NYSE:CB)

Trust Co. of Oklahoma raised its holdings in Chubb Limited (NYSE:CB) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,654 shares of the financial services provider’s stock after buying an additional 119 shares during the quarter. Trust Co. of Oklahoma’s holdings in Chubb were worth $1,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. AE Wealth Management LLC raised its stake in Chubb by 52.8% during the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock worth $884,000 after buying an additional 1,198 shares during the period. Gabelli Funds LLC raised its position in shares of Chubb by 9.9% during the second quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock worth $2,552,000 after purchasing an additional 900 shares during the period. Mill Creek Capital Advisors LLC raised its position in shares of Chubb by 21.7% during the second quarter. Mill Creek Capital Advisors LLC now owns 1,244 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 222 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Chubb by 59.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 77,766 shares of the financial services provider’s stock valued at $19,837,000 after purchasing an additional 28,902 shares during the period. Finally, Sfmg LLC grew its position in Chubb by 6.8% in the 2nd quarter. Sfmg LLC now owns 1,641 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 104 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Bank of America raised their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group upped their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Down 0.2 %

CB opened at $268.21 on Thursday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company’s 50-day moving average price is $277.08 and its two-hundred day moving average price is $278.64. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 7.24 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the business earned $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Chubb Limited will post 22 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.