Oxford Asset Management LLP Makes New Investment in Chubb Limited (NYSE:CB)

Oxford Asset Management LLP acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,625 shares of the financial services provider's stock, valued at approximately $725,000.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in Chubb in the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Finally, Human Investing LLC bought a new stake in shares of Chubb during the 4th quarter worth approximately $36,000. Institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Chubb Price Performance

Shares of CB traded up $2.80 during trading hours on Tuesday, hitting $284.98. 1,761,863 shares of the company were exchanged, compared to its average volume of 1,627,984. The company has a market cap of $114.19 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a fifty-two week low of $244.84 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average is $286.71 and its 200 day moving average is $281.06.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Barclays dropped their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $307.86.

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.