Regent Peak Wealth Advisors LLC Trims Holdings in Chubb Limited (NYSE:CB)

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

Several other institutional investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its stake in shares of Chubb by 16.8% during the second quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after buying an additional 1,876 shares during the period. AE Wealth Management LLC increased its position in Chubb by 52.8% during the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 1,198 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Chubb by 2.0% in the 2nd quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock valued at $9,706,000 after purchasing an additional 760 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Chubb by 11,560.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,081 shares of the financial services provider’s stock worth $1,041,000 after purchasing an additional 4,046 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Chubb by 9.9% during the second quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock valued at $2,552,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $269.38 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s fifty day moving average is $277.89 and its two-hundred day moving average is $278.49. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.95 earnings per share. On average, research analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CB shares. Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.17.

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.