Chubb Limited $CB Stake Trimmed by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its position in shares of Chubb Limited (NYSE:CB) by 4.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,773 shares of the financial services provider’s stock after selling 2,017 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Chubb were worth $15,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Sovran Advisors LLC boosted its stake in Chubb by 24.3% in the 1st quarter. Sovran Advisors LLC now owns 2,615 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 511 shares during the period. WealthShield Partners LLC lifted its holdings in shares of Chubb by 4.9% in the first quarter. WealthShield Partners LLC now owns 8,542 shares of the financial services provider’s stock valued at $2,784,000 after purchasing an additional 400 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Chubb by 17.8% in the first quarter. Simplicity Wealth LLC now owns 1,068 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 161 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in shares of Chubb by 6.3% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 4,454 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 263 shares during the period. Finally, Peterson Wealth Services grew its holdings in shares of Chubb by 3.7% during the first quarter. Peterson Wealth Services now owns 11,665 shares of the financial services provider’s stock valued at $3,802,000 after buying an additional 417 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Citizens JMP raised its price target on Chubb to $400 from $365 and kept an “market outperform” rating, signaling meaningful upside from current levels. Citizens JMP raises Chubb price target to $400
• Positive Sentiment: Wells Fargo also lifted its target on Chubb to $358 from $333, while maintaining an “equal weight” view, suggesting improved expectations even without a bullish stance. Wells Fargo raises Chubb price target to $358
• Positive Sentiment: Zacks highlighted Chubb’s capital deployment strategy, saying its steady dividends, share buybacks and reinvestment reflect financial discipline and resilience, which can support long-term shareholder returns. Zacks article on Chubb capital deployment
• Neutral Sentiment: Mizuho issued a positive forecast for Chubb, but later lifted its target only modestly to $352 while keeping a “neutral” rating, which is supportive but not strongly bullish. Mizuho positive forecast for Chubb
• Neutral Sentiment: UBS remained at “hold” on Chubb, reinforcing the view that some analysts see fair value at current levels rather than a clear breakout opportunity. UBS remains a hold on Chubb

Chubb Stock Down 0.1%

CB traded down $0.37 during midday trading on Friday, hitting $347.43. 1,718,637 shares of the company’s stock traded hands, compared to its average volume of 1,544,666. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $134.75 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.40. The stock’s fifty day simple moving average is $329.91 and its 200-day simple moving average is $324.50. Chubb Limited has a one year low of $264.10 and a one year high of $365.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. As a group, equities analysts anticipate that Chubb Limited will post 26.76 earnings per share for the current fiscal year.

Chubb Increases Dividend

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

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CB. Jefferies Financial Group dropped their price target on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Cantor Fitzgerald increased their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Bank of America dropped their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $358.81.

About Chubb

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.