Pittenger & Anderson Inc. Reduces Stake in Chubb Limited

Pittenger & Anderson Inc. has reduced its shareholding in Chubb Limited (NYSE:CB - Free Report) by 3.1% during the fourth quarter, as revealed in their recent filing with the Securities & Exchange Commission. After selling 1,855 shares, the firm now holds a total of 58,022 shares in the financial services company, valued at approximately $16,031,000 at the end of the last quarter.

Other Institutional Moves

In addition to Pittenger & Anderson, several other institutional investors have also adjusted their stakes in Chubb. Human Investing LLC has made a new investment worth around $36,000 in the fourth quarter. Sanctuary Advisors LLC has increased its holdings by 9.1%, now owning 89,485 shares with a total value of $24,589,000 after acquiring an additional 7,464 shares. Sierra Ocean LLC also entered the Chubb market, purchasing new shares valued at roughly $29,000. J.W. Cole Advisors Inc. raised its stake by 2.2%, holding 9,781 shares worth $2,703,000 after adding 208 shares. Csenge Advisory Group has lifted its position by 3.2%, bringing their total holdings to 4,270 shares valued at $1,180,000. Currently, institutional investors and hedge funds own approximately 83.81% of Chubb's stock.

Analyst Ratings Overview

Chubb has been discussed in various research reports recently. Evercore ISI lifted their price target from $289.00 to $293.00, rating the company as "outperform" in a note dated October 30. In a note issued on January 29, JPMorgan Chase & Co. raised their price target from $296.00 to $300.00, rating the stock as "neutral." Similarly, Morgan Stanley increased their target to $300.00, rating it as "equal weight" as of October 30. JMP Securities has reaffirmed a "market outperform" rating with a target of $325.00. Keefe, Bruyette & Woods raised their target from $328.00 to $329.00, also rating Chubb as "outperform." Among analysts, two have rated the stock as a sell, eight maintain hold, and seven consider it a buy, with a consensus rating of "Hold" and an average target price of $295.73.

Chubb's Stock Performance

As of Monday, Chubb's stock (NYSE:CB) opened at $264.49. The company has a current ratio of 0.25, a quick ratio of 0.28, and a debt-to-equity ratio of 0.21. Chubb has a market capitalization of $106.62 billion and a price-to-earnings ratio of 11.64 with a PEG ratio of 3.41. The stock's performance over the last twelve months has seen a low of $238.85 and a high of $302.05. The fifty-day and two-hundred-day simple moving averages are $271.54 and $279.63, respectively.

Recent Earnings Report

Chubb reported quarterly earnings on January 28, disclosing earnings per share (EPS) of $6.02, exceeding analysts' expectations of $5.33 by $0.69. The company showcased a net margin of 16.63% and a return on equity of 13.75%. For the current fiscal year, analysts forecast an EPS of 21.66.

Chubb Dividend Updates

Moreover, Chubb announced a quarterly dividend recently, which was distributed on January 3. Stockholders who were on record as of December 13 received a dividend payment of $0.91 per share, amounting to an annualized dividend of $3.64 and a yield of 1.38%. The ex-dividend date was December 13, and Chubb's dividend payout ratio currently stands at 16.02%.

About Chubb Limited

Chubb Limited is a global provider of insurance and reinsurance products. Its North America Commercial P&C Insurance segment includes offerings such as commercial property, casualty, workers' compensation, and various financial lines and services, catering to large, middle market, and small commercial enterprises.

Chubb, Investors, Stocks