Czech National Bank grew its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 3.6% during the second quarter, HoldingsChannel.com reports. The firm owned 102,672 shares of the financial services provider’s stock after acquiring an additional 3,613 shares during the quarter. Czech National Bank’s holdings in Chubb were worth $34,984,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Janney Montgomery Scott LLC increased its stake in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after buying an additional 5,225 shares during the period. waypoint wealth counsel lifted its stake in shares of Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after acquiring an additional 1,784 shares during the period. National Pension Service boosted its holdings in Chubb by 24.4% in the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after acquiring an additional 225,515 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Chubb by 884.1% in the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after acquiring an additional 8,947 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Chubb by 133.1% during the 4th quarter. Private Trust Co. NA now owns 11,464 shares of the financial services provider’s stock valued at $3,578,000 after purchasing an additional 6,546 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
Chubb Stock Performance
NYSE CB opened at $353.33 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $136.31 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.74 and a beta of 0.39. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The company has a fifty day moving average price of $340.56 and a 200-day moving average price of $330.30.
Chubb Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.43%.
Insider Activity
In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CB. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Atlantic Securities set a $301.00 price target on shares of Chubb in a research report on Wednesday, July 15th. Morgan Stanley increased their price target on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $360.09.
Read Our Latest Stock Report on CB
Chubb News Roundup
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Zacks raised its FY2026 EPS estimate to $27.38 and FY2028 estimate to $30.67, indicating improved longer-term earnings expectations for Chubb (CB).
- Positive Sentiment: Estimates for Q1 2027, Q3 2027 and Q2 2028 were also increased, with Q1 2027 raised to $7.20 and Q3 2027 to $6.78 per share.
- Neutral Sentiment: The revisions leave Zacks’ FY2027 EPS forecast at $28.14, while the current full-year consensus estimate is approximately $27.40, suggesting expectations remain relatively strong despite some quarterly adjustments.
- Negative Sentiment: Zacks lowered its Q3 2026 EPS estimate to $6.19 from $6.28, Q2 2027 to $7.19 from $7.34, Q4 2027 to $6.97 from $7.37 and FY2027 to $28.14 from $28.39. These cuts temper the otherwise positive outlook and may limit the stock’s upside.
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.
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Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).
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