Chubb Limited (NYSE:CB) Holdings Boosted by Choreo LLC

Choreo LLC boosted its holdings in Chubb Limited (NYSE:CB) by 109.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,331 shares of the financial services provider’s stock after acquiring an additional 14,288 shares during the period. Choreo LLC’s holdings in Chubb were worth $7,540,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CB. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the third quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CB. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America raised their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $290.12.

Chubb Trading Down 0.6 %

NYSE CB opened at $272.31 on Wednesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market cap of $109.77 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 3.35 and a beta of 0.67. The firm’s 50 day moving average price is $274.59 and its two-hundred day moving average price is $279.59.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts anticipate that Chubb Limited will post 21.91 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

About Chubb

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.