Trust Co. of Oklahoma Grows Stock Holdings in Chubb Limited (NYSE:CB)

Trust Co. of Oklahoma raised its holdings in shares of Chubb Limited (NYSE:CB) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,654 shares of the financial services provider’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Continuum Advisory LLC increased its holdings 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 period. Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CB. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Price Performance

Shares of NYSE CB opened at $268.21 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50 day simple moving average of $277.08 and a two-hundred day simple moving average of $278.64. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a market capitalization of $108.11 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 7.24 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $4.95 earnings per share. Analysts expect that Chubb Limited will post 22 EPS for the current fiscal year.

Chubb Announces Dividend

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

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.