Washburn Capital Management Inc. Invests in Chubb Limited Shares

Washburn Capital Management Inc. has recently announced its acquisition of shares in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, as indicated in its latest 13F filing with the Securities and Exchange Commission. The investment firm purchased 2,110 shares of the financial services provider, with an approximate value of $583,000. This investment accounts for 0.3% of Washburn's overall portfolio, positioning Chubb as the 27th largest holding within the fund.

Institutional Investors Adjust Their Holdings

Several other institutional investors have also modified their positions in Chubb. For instance, Brookstone Capital Management increased its ownership of Chubb shares by 25.0% in the third quarter, bringing its total to 1,261 shares worth $364,000 after acquiring an additional 252 shares. Similarly, CWM LLC raised its holdings in Chubb by 14.5% during the same period, now owning 15,375 shares valued at $4,434,000, following the purchase of 1,950 additional shares. Independence Bank of Kentucky also increased its stake by 13.4%, resulting in ownership of 2,232 shares worth $644,000 after buying 263 extra shares. First Affirmative Financial Network made a modest increase of 2.0%, now holding 2,961 shares valued at $854,000 after acquiring 57 additional shares. Finally, Evexia Wealth LLC boosted its stake in Chubb by 10.7%, increasing its holdings to 30,767 shares worth $8,528,000 after buying 2,976 more shares. Collectively, institutional investors and hedge funds currently hold 83.81% of Chubb’s stock.

Analyst Ratings and Predictions

Financial analysts have shared mixed sentiments regarding Chubb's stock, with varying price targets and ratings. Morgan Stanley recently increased its price target for Chubb from $295.00 to $300.00, maintaining an "equal weight" rating. Evercore ISI followed suit by adjusting its price target from $289.00 to $293.00 and giving Chubb an "outperform" rating. JPMorgan Chase & Co. also raised its price objective from $296.00 to $300.00 while assigning a "neutral" rating. Conversely, Wells Fargo & Company decreased its target price from $268.00 to $264.00, maintaining an "equal weight" rating. JMP Securities reaffirmed a "market outperform" rating, setting a target price of $325.00 for Chubb shares. In summary, two research analysts have given the stock a sell rating, eight have a hold rating, and seven have issued buy ratings. The consensus rating for Chubb stands at "Hold," with an average price target of $295.73, according to MarketBeat.com.

Chubb Stock Performance and Earnings

As of the most recent trading session, shares of NYSE CB opened at $270.14. Over the past year, Chubb has experienced a low of $238.85 and a high of $302.05. The company maintains a debt-to-equity ratio of 0.21, signaling a solid financial structure, along with a current ratio of 0.25 and a quick ratio of 0.28. The market capitalization of Chubb stands at approximately $108.89 billion, and it has a price-to-earnings (P/E) ratio of 11.89 alongside a price-to-earnings-growth (PEG) ratio of 3.41. The company's stock has a beta of 0.67, reflecting lower volatility compared to the market. Chubb's 50-day simple moving average is $273.52, while its 200-day average is $279.55.

Recent Earnings Report

Chubb reported its quarterly earnings on January 28th, revealing earnings per share (EPS) of $6.02 for the quarter, surpassing the consensus estimate of $5.33 by $0.69. The company recorded a net margin of 16.63% and a return on equity of 13.75%. Analysts project that Chubb Limited will achieve an EPS of 21.66 for the current fiscal year.

Chubb Dividend Announcement

Recently, Chubb declared a quarterly dividend payment, which was issued on January 3rd. Shareholders recorded as of December 13th received a dividend of $0.91 per share. This dividend equates to an annualized total of $3.64, providing a yield of 1.35%. The company’s payout ratio currently stands at 16.02%, indicating a balanced return to shareholders.

About Chubb Limited

Chubb Limited is a prominent provider of insurance and reinsurance services worldwide. The company operates in various sectors, including North America Commercial Property and Casualty Insurance, which encompasses commercial property, casualty, workers' compensation, and various other financial lines services tailored for businesses of all sizes.

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