Choreo LLC Has $7.54 Million Position in Chubb Limited (NYSE:CB)

Choreo LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 109.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,331 shares of the financial services provider’s stock after purchasing an additional 14,288 shares during the period. Choreo LLC’s holdings in Chubb were worth $7,540,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Chubb by 36.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,941 shares of the financial services provider’s stock valued at $1,425,000 after purchasing an additional 1,330 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Chubb in the 3rd quarter valued at $282,000. Foster Group Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at $200,000. Security National Bank lifted its stake in shares of Chubb by 5.2% in the 3rd quarter. Security National Bank now owns 7,746 shares of the financial services provider’s stock valued at $2,234,000 after purchasing an additional 380 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Chubb by 0.8% in the 3rd quarter. Mather Group LLC. now owns 6,571 shares of the financial services provider’s stock valued at $1,895,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CB. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $290.12.

Chubb Stock Performance

NYSE:CB opened at $272.31 on Wednesday. The firm’s 50-day moving average is $274.59 and its 200-day moving average is $279.59. Chubb Limited has a 52-week low of $238.85 and a 52-week 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 company 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.

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

Chubb Announces Dividend

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

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.