Washburn Capital Management Inc. Acquires Shares of Chubb Limited

Washburn Capital Management Inc. has recently made a notable investment by acquiring a new position in Chubb Limited (NYSE:CB). This acquisition took place during the fourth quarter of the year, as indicated by the fund's latest 13F filing with the Securities and Exchange Commission. Washburn Capital Management acquired a total of 2,110 shares in Chubb, which have an estimated value of around $583,000. This investment now constitutes approximately 0.3% of Washburn's overall investment portfolio, ranking Chubb as the 27th largest holding in the fund's assets.

In addition to Washburn Capital Management, several other institutional investors have adjusted their stakes in Chubb Limited recently. For instance, Brookstone Capital Management increased its investment by 25.0% during the third quarter, bringing its total ownership to 1,261 shares worth $364,000 after purchasing an extra 252 shares. Meanwhile, CWM LLC grew its holdings by 14.5% in the same period, owning 15,375 shares valued at $4.43 million after acquiring 1,950 additional shares. Independence Bank of Kentucky also added to its position by 13.4%, resulting in ownership of 2,232 shares worth $644,000 after an additional purchase of 263 shares. Furthermore, First Affirmative Financial Network boosted its holdings by 2.0%, and Evexia Wealth LLC increased its position by 10.7%, now holding 30,767 shares valued at $8.53 million. Currently, institutional owners and hedge funds control approximately 83.81% of Chubb's stock.

Analyst Ratings and Price Targets

Several analysts have recently issued reports regarding Chubb's stock. For example, Morgan Stanley raised its price target from $295.00 to $300.00, maintaining an "equal weight" rating on the stock. Evercore ISI also increased their price target from $289.00 to $293.00, giving an "outperform" rating. JPMorgan Chase & Co. likewise adjusted their price objective from $296.00 to $300.00, while Wells Fargo reduced their target price from $268.00 to $264.00, keeping an "equal weight" rating. JMP Securities reaffirmed a "market outperform" rating with a price target of $325.00. In total, the stock has received a mix of ratings—from two sell recommendations, eight holds, and seven buy ratings. According to MarketBeat.com, the consensus rating for Chubb is "Hold" with an average target price set at $295.73.

Current Stock Performance

As of the latest trading session, Chubb's stock was down by 1.0%. The shares opened at $270.14. Over the past year, the stock has experienced a low of $238.85 and a high of $302.05. The company currently has a debt-to-equity ratio of 0.21, a current ratio of 0.25, and a quick ratio of 0.28. Chubb Limited boasts a market capitalization of $108.89 billion with a price-to-earnings (PE) ratio of 11.89 and a beta of 0.67. The company’s simple moving averages stand at $273.52 for 50 days and $279.55 for 200 days, indicating relatively stable short-term and long-term trends.

Earnings Report and Dividends

Chubb recently reported its quarterly earnings results on January 28th. The financial services provider posted earnings per share (EPS) of $6.02, exceeding analysts' consensus estimate of $5.33 by $0.69. Chubb also recorded a net margin of 16.63% alongside a return on equity of 13.75%. Analysts forecast an average EPS of 21.66 for the current year. Additionally, Chubb announced a quarterly dividend of $0.91 per share, which was paid on January 3rd to shareholders who were recorded on December 13th. This represents an annualized dividend of $3.64, yielding approximately 1.35%. Chubb's current payout ratio stands at 16.02%, showcasing a balanced approach to returning value to shareholders.

Company Overview

Chubb Limited is an international provider of insurance and reinsurance products. The company primarily focuses on North America, where it offers a wide range of commercial property and casualty insurance solutions. This includes various lines such as workers' compensation, risk management, financial lines, and cyber risk among others.

Investment, Shares, Analysis