Oxford Asset Management LLP Invests $725,000 in Chubb Limited (NYSE:CB)

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

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Vanguard Group Inc. boosted its holdings in Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after buying an additional 271,648 shares during the period. FMR LLC boosted its holdings in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after buying an additional 91,892 shares during the period. Capital World Investors lifted its stake in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after purchasing an additional 212,889 shares in the last quarter. Capital Research Global Investors lifted its stake in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC raised its position in Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Two investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $307.86.

Chubb Trading Down 0.8 %

Shares of CB traded down $2.39 on Thursday, hitting $283.70. 561,296 shares of the stock traded hands, compared to its average volume of 1,624,339. 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 has a market capitalization of $113.67 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.36 and a beta of 0.47. The stock's 50 day moving average is $287.43 and its two-hundred day moving average is $281.12. Chubb Limited has a 1 year low of $244.84 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is presently 17.52%.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last quarter. 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.