Regent Peak Wealth Advisors LLC Decreases Position in Chubb Limited (NYSE:CB)

Regent Peak Wealth Advisors LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 large investors also recently bought and sold shares of the company. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new position in Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb in the third quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday. Evercore ISI increased their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $286.16.

Chubb Stock Up 1.2 %

NYSE CB traded up $3.27 during trading hours on Tuesday, hitting $270.58. 530,642 shares of the company were exchanged, compared to its average volume of 1,303,504. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $109.07 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 6.43 and a beta of 0.67. The company has a 50 day moving average of $280.41 and a two-hundred day moving average of $278.05. Chubb Limited has a 52-week low of $222.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the firm earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

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

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.