First Horizon Corp Reduces Stock Position in Chubb Limited $CB

First Horizon Corp cut its position in Chubb Limited (NYSE:CB) by 5.8% during the first quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the SEC.

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

More 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

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction 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 sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Citizens Jmp boosted their price objective on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Barclays set a $387.00 target price on Chubb in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a research report 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $355.95.

Chubb Stock Performance

NYSE CB opened at $347.00 on Friday. The stock has a market capitalization of $134.59 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.82 and a beta of 0.40. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $329.48 and a 200 day moving average of $324.34.

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

Chubb Increases Dividend

The firm also recently announced 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. This is a positive change 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 dividend yield of 1.2%. Chubb’s payout ratio is 14.41%.

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.