Chubb Limited $CB Holdings Raised by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Chubb Limited (NYSE:CB) by 44.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 505,001 shares of the financial services provider’s stock after purchasing an additional 155,930 shares during the period. Sei Investments Co.’s holdings in Chubb were worth $164,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cherry Tree Wealth Management LLC boosted its position in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the last quarter. Phillips Wealth Planners LLC grew its stake in Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC increased its position in Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares during the last quarter. Kathmere Capital Management LLC increased its position in Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after purchasing an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating and set a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Wells Fargo & Company increased their price objective on Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday. UBS Group lifted their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Piper Sandler boosted their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $360.18.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

CB opened at $343.42 on Thursday. The company has a market cap of $133.20 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.84 and a beta of 0.40. The stock has a 50-day moving average of $334.18 and a 200-day moving average of $326.56. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. 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 (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.78 by $0.48. Chubb had a return on equity of 14.55% and a net margin of 18.10%.The business had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same period last year, the business earned $6.14 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Chubb Limited will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb beat Q2 EPS estimates, reporting core operating income of $7.26 per share versus expectations, with earnings up sharply from a year ago. Article Title
• Positive Sentiment: Underwriting remained strong, with the P&C combined ratio at 83.8%, catastrophe losses easing, and record investment income helping support results. Article Title
• Positive Sentiment: Several Wall Street firms turned constructive, including Citizens JMP reaffirming an outperform rating with a $400 target and JPMorgan lifting its target to $370, signaling meaningful upside from current levels. Article Title
• Neutral Sentiment: Some analysts still flagged softer property-casualty market conditions and weakness in major account premiums, which could temper near-term growth expectations. Article Title
• Negative Sentiment: Revenue came in below consensus, and the market appears to be focusing more on slower premium growth than on the earnings beat, contributing to the stock’s pullback. Article Title

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.