Washburn Capital Management Inc. Acquires Shares of Chubb Limited

Washburn Capital Management Inc. has recently made an investment in Chubb Limited (NYSE:CB - Free Report), as revealed in its latest 13F filing with the Securities and Exchange Commission. In the fourth quarter, the fund acquired 2,110 shares of Chubb’s stock, which amounts to an investment valued at approximately $583,000. This acquisition signifies that Chubb represents 0.3% of Washburn Capital Management Inc.’s overall investment portfolio, positioning it as the 27th largest holding for the firm.

In addition to Washburn Capital Management, several other institutional investors have also adjusted their holdings in Chubb. For instance, Brookstone Capital Management increased its stake in Chubb by 25.0% during the third quarter and now owns 1,261 shares, valued at $364,000. Similarly, CWM LLC grew its holdings in Chubb by 14.5%, owning 15,375 shares worth $4,434,000 after acquiring an additional 1,950 shares in the last quarter. Independence Bank of Kentucky increased its position in Chubb by 13.4%, holding 2,232 shares valued at $644,000 after purchasing 263 more shares. First Affirmative Financial Network also boosted its stake by 2.0%, now possessing 2,961 shares valued at $854,000, following the acquisition of 57 additional shares. Lastly, Evexia Wealth LLC raised its position by 10.7%, amassing 30,767 shares of Chubb valued at $8,528,000 after obtaining 2,976 extra shares.

Institutional Ownership

Currently, institutional investors and hedge funds collectively own 83.81% of Chubb’s stock, indicating substantial confidence in the company from larger financial entities.

Analyst Forecasts for Chubb

Market analysts have also shown interest in Chubb, issuing various ratings and price targets for the company. On October 30th, Morgan Stanley raised their price target from $295.00 to $300.00, maintaining an “equal weight” rating for the stock. Evercore ISI increased its price target from $289.00 to $293.00, assigning an “outperform” rating. In January, JPMorgan Chase & Co. modified their price objective from $296.00 to $300.00, providing a “neutral” rating. However, Wells Fargo & Company decreased their target price from $268.00 to $264.00, while keeping an “equal weight” rating. JMP Securities reaffirmed a “market outperform” rating along with a price target of $325.00 for Chubb. Overall, analysts have placed two sell ratings, eight hold ratings, and seven buy ratings on the company’s shares, leading to a consensus rating of “Hold” with an average target price of $295.73 according to MarketBeat.com.

Chubb's Recent Performance

As of this past Friday, Chubb's stock opened at $270.14. The financial services provider has witnessed a 1-year low of $238.85 and a high of $302.05. With a market capitalization of approximately $108.89 billion, Chubb maintains a debt-to-equity ratio of 0.21, a current ratio of 0.25, and a quick ratio of 0.28. The company’s PE ratio stands at 11.89, while its price-to-earnings-growth ratio is 3.41. Chubb’s 50-day and 200-day simple moving averages are $273.52 and $279.55, respectively.

Quarterly Earnings Report

Chubb recently released its quarterly earnings on January 28th, reporting earnings per share (EPS) of $6.02, 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 forecast that Chubb Limited will achieve an EPS of 21.66 for the current year.

Chubb's Dividend Announcement

Recently, Chubb announced a quarterly dividend that was paid on January 3rd to shareholders on record as of December 13th. The dividend was set at $0.91 per share, resulting in an annualized dividend of $3.64 and a yield of 1.35%. The ex-dividend date was the same as the record date of December 13th, with a current payout ratio of 16.02%.

Company Overview

Chubb Limited operates globally, providing insurance and reinsurance products. The company’s North America Commercial P&C Insurance segment delivers a range of services including commercial property, casualty, workers' compensation, and risk management solutions. They also offer group accident and health insurance to various sectors, catering to large, middle market, and small commercial businesses.

Conclusion

Investors continue to take an interest in Chubb Limited, exemplified by recent share acquisitions from institutions and favorable analyst ratings. With solid earnings reports and a consistent dividend, Chubb remains a notable consideration for potential investors.

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