Chubb Limited (NYSE:CB) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 29.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 879 shares of the financial services provider’s stock after selling 366 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Chubb were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $28,000. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb in the third quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter valued at $29,000. Finally, Raelipskie Partnership acquired a new position in Chubb in the third quarter valued at $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CB shares. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $286.16.

Chubb Price Performance

NYSE:CB traded up $3.27 during trading hours on Tuesday, reaching $270.58. 530,642 shares of the company traded hands, compared to its average volume of 1,303,504. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50-day moving average is $280.41 and its 200-day moving average is $278.05. The stock has a market cap of $109.07 billion, a P/E ratio of 11.08, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb Limited has a 1-year low of $222.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the company earned $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

About Chubb

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.