Occidental Asset Management LLC Has $3.42 Million Holdings in Chubb Limited (NYSE:CB)

Occidental Asset Management LLC lifted its position in Chubb Limited (NYSE:CB) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,361 shares of the financial services provider’s stock after buying 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 filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Continuum Advisory LLC lifted its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 1.9 %

CB stock opened at $273.49 on Friday. 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 Limited has a twelve month low of $226.74 and a twelve month high of $302.05. The company has a market cap of $110.25 billion, a P/E ratio of 11.20, a PEG ratio of 5.65 and a beta of 0.67. The business has a fifty day moving average of $278.22 and a 200-day moving average of $278.09.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.95 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. Chubb’s payout ratio is presently 14.91%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. JPMorgan Chase & Co. increased their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $288.17.

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.