Choreo LLC Increases Holdings in Chubb Limited

Choreo LLC has significantly boosted its ownership in Chubb Limited (NYSE:CB) by 109.5% during the fourth quarter, as reported in its recent Form 13F filing with the Securities and Exchange Commission. This increase means that Choreo LLC now holds a total of 27,331 shares in this financial services company after acquiring an additional 14,288 shares during the period. At the close of the last quarter, these holdings were valued at approximately $7,540,000.

Several other institutional investors have also adjusted their positions in Chubb recently. For instance, Continuum Advisory LLC raised its stake by 56.5% during the third quarter and now owns 97 shares valued at $28,000 after purchasing an additional 35 shares. Similarly, Kozak & Associates Inc., Gordian Capital Singapore Pte Ltd, and Raelipskie Partnership each purchased new stakes in Chubb during the same period, each valued at about $29,000. Truvestments Capital LLC also acquired a new stake valued at around $30,000. Collectively, institutional investors currently hold 83.81% of Chubb's stock.

Analyst Ratings and Price Targets

A variety of research firms have expressed their views on Chubb Limited's stock. For example, Morgan Stanley recently raised its price target for Chubb from $295.00 to $300.00 while maintaining an "equal weight" rating. Likewise, JPMorgan Chase & Co. updated their price objective from $296.00 to $300.00 and assigned a "neutral" rating. Evercore ISI also increased its price objective from $289.00 to $293.00, giving an "outperform" rating. On the contrary, Bank of America downgraded its price objective from $275.00 to $282.00 with an "underperform" rating. Meanwhile, Wells Fargo & Company reduced its target from $268.00 to $264.00 and maintained an "equal weight" rating. In total, there have been two sell ratings, ten hold ratings, and seven buy ratings for Chubb, indicating a consensus rating of "Hold" with an average price target of around $290.12.

Chubb's Stock Performance

As of today, Chubb's stock opened at $272.31. Over the past year, the stock has seen a low of $238.85 and a high of $302.05. The company maintains a low debt-to-equity ratio of 0.21, with quick and current ratios at 0.28 and 0.25, respectively. Chubb boasts a market capitalization of $109.77 billion, a price-to-earnings (P/E) ratio of 11.99, a PEG ratio of 3.35, and a beta value of 0.67. The stock's moving average prices are $274.59 for the last 50 days and $279.59 for the past 200 days.

Quarterly Earnings and Dividends

Chubb Limited disclosed its quarterly earnings on January 28, reporting earnings per share of $6.02, which exceeded the consensus estimate of $5.33 by $0.69. The company achieved a net margin of 16.63% and a return on equity of 13.75%. Analysts estimate that Chubb will achieve earnings of $21.91 per share in the current year.

Furthermore, the company announced a quarterly dividend which was issued on January 3. Shareholders who were on record as of December 13 received a dividend of $0.91 per share, leading to an annualized dividend of $3.64, which gives a yield of 1.34%. The dividend payout ratio currently stands at 16.02%.

Company Overview

Chubb Limited provides a wide range of insurance and reinsurance products globally. Its North America Commercial Property & Casualty Insurance segment offers various services such as commercial property, casualty protection, workers' compensation, risk management, and medical risk insurance, catering to businesses of all sizes, from large corporations to small enterprises.

Chubb, Investors, Analysis