Oregon Public Employees Retirement Fund Buys 100 Shares of Chubb Limited $CB

Oregon Public Employees Retirement Fund boosted its stake in shares of Chubb Limited (NYSE:CB) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 32,129 shares of the financial services provider’s stock after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Chubb were worth $9,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CB. Opal Wealth Advisors LLC bought a new stake in Chubb during the 1st quarter worth about $25,000. North Capital Inc. bought a new stake in Chubb during the 1st quarter worth about $26,000. IMA Advisory Services Inc. bought a new stake in Chubb during the 1st quarter worth about $31,000. 1248 Management LLC bought a new stake in Chubb during the 1st quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Chubb during the 1st quarter worth about $33,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.4%

Chubb stock opened at $283.08 on Monday. The company’s 50 day simple moving average is $276.67 and its 200 day simple moving average is $281.80. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a market capitalization of $112.86 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the firm earned $5.38 EPS. Chubb’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CB. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research note on Tuesday, September 16th. Evercore ISI raised their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Citigroup began coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 target price (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, UBS Group reduced their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $306.82.

Insider Buying and Selling

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

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.