Chubb Limited $CB Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel grew its holdings in Chubb Limited (NYSE:CB) by 3.2% in the 1st quarter, HoldingsChannel reports. The firm owned 160,792 shares of the financial services provider’s stock after purchasing an additional 4,967 shares during the quarter. Chubb makes up 1.0% of Carnegie Investment Counsel’s holdings, making the stock its 19th biggest holding. Carnegie Investment Counsel’s holdings in Chubb were worth $50,604,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC boosted its position in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter worth $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the third quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $31,000. Finally, Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter valued at $32,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CB. Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Evercore reiterated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday. Morgan Stanley boosted their price objective on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Two investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $358.81.

Chubb Stock Down 0.1%

Chubb stock traded down $0.37 during midday trading on Friday, reaching $347.43. The company’s stock had a trading volume of 1,718,637 shares, compared to its average volume of 1,544,666. The company has a market cap of $134.75 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.78 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $329.91 and a 200-day simple moving average of $324.50. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) 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 during the quarter. On average, research analysts expect that Chubb Limited will post 26.76 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 paid a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, June 12th. Chubb’s payout ratio is currently 14.41%.

Chubb News Summary

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 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.