TigerOak Management L.L.C. Takes Position in Chubb Limited (NYSE:CB)

TigerOak Management L.L.C. bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, HoldingsChannel reports. The fund bought 3,968 shares of the financial services provider’s stock, valued at approximately $1,096,000.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank raised its holdings in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC raised its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Chubb by 97.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new position in Chubb in the 3rd quarter worth $721,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 1.2 %

Shares of NYSE:CB opened at $264.49 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a 50-day moving average price of $271.54 and a 200 day moving average price of $279.59. The company has a market cap of $106.62 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts predict that Chubb Limited will post 21.66 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. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is currently 16.02%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $295.73.

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.