First Horizon Corp Trims Stock Position in Chubb Limited $CB

First Horizon Corp lessened its stake in shares of Chubb Limited (NYSE:CB) by 5.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,648 shares of the financial services provider’s stock after selling 1,752 shares during the period. First Horizon Corp’s holdings in Chubb were worth $9,337,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Berkshire Hathaway Inc increased its holdings in Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. Norges Bank purchased a new stake in shares of Chubb in the 4th quarter worth $1,081,190,000. Price T Rowe Associates Inc. MD increased its holdings in Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Chubb in the fourth quarter worth approximately $795,378,000. Finally, GQG Partners LLC lifted its holdings in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after buying an additional 1,647,729 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore increased their target price on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler boosted their price target on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America decreased their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Mizuho raised their price objective on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Cantor Fitzgerald lifted their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $355.95.

Chubb Trading Down 2.3%

Chubb stock opened at $347.00 on Friday. The stock has a 50-day moving average of $329.48 and a two-hundred day moving average of $324.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $264.10 and a one year high of $365.29. The stock has a market cap of $134.59 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. On average, research analysts anticipate that Chubb Limited will post 26.77 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Chubb to $389 from $374 and kept an outperform rating, signaling confidence in further upside. Article Link
• Positive Sentiment: Wells Fargo lifted its price target to $358 from $333, though it maintained an equal weight rating, suggesting a modestly improved valuation outlook. Article Link
• Positive Sentiment: Mizuho also raised its target to $352 from $335 and reiterated a neutral view, adding to the overall analyst optimism around Chubb’s price trajectory. Article Link
• Positive Sentiment: Zacks highlighted Chubb’s disciplined capital deployment, including dividend growth, buybacks, and reinvestment, which can support long-term shareholder returns. Article Link
• Neutral Sentiment: UBS kept Chubb at hold, reflecting a more cautious stance compared with the higher-target upgrades from other firms. Article Link
• Neutral Sentiment: Recent trading commentary noted that Chubb has been moving a bit more weakly than the broader market, suggesting near-term sentiment has been mixed. Article Link

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.