Choreo LLC Purchases 1,455 Shares of Chubb Limited $CB

Choreo LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,917 shares of the financial services provider’s stock after purchasing an additional 1,455 shares during the quarter. Choreo LLC’s holdings in Chubb were worth $7,534,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter valued at about $205,000. Prosperity Consulting Group LLC increased its holdings in Chubb by 12.2% during the 1st quarter. Prosperity Consulting Group LLC now owns 1,173 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 128 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Chubb by 51.6% in the first quarter. Mackenzie Financial Corp now owns 97,725 shares of the financial services provider’s stock worth $29,512,000 after purchasing an additional 33,259 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Chubb by 79.5% in the first quarter. Meeder Asset Management Inc. now owns 271 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. The trade was a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Chubb Price Performance

CB opened at $297.93 on Thursday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The firm has a 50-day moving average of $283.62 and a 200 day moving average of $281.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27. The firm has a market cap of $117.25 billion, a P/E ratio of 12.43, a PEG ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the previous year, the company earned $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company lifted their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. BMO Capital Markets reissued a “market perform” rating and set a $283.00 price target on shares of Chubb in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $308.11.

Chubb 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.