Parr Mcknight Wealth Management Group LLC Trims Stock Holdings in Chubb Limited $CB

Parr Mcknight Wealth Management Group LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,381 shares of the financial services provider’s stock after selling 2,184 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Chubb were worth $3,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Arbejdsmarkedets Tillaegspension raised its stake in Chubb by 0.8% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 77,813 shares of the financial services provider’s stock valued at $25,362,000 after purchasing an additional 597 shares during the last quarter. Triglav Investments D.O.O. acquired a new stake in shares of Chubb during the 1st quarter worth about $1,141,000. Applied Finance Capital Management LLC boosted its stake in shares of Chubb by 5.7% during the 1st quarter. Applied Finance Capital Management LLC now owns 2,364 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 127 shares during the last quarter. Tradewinds LLC. grew its holdings in shares of Chubb by 10.7% during the first quarter. Tradewinds LLC. now owns 766 shares of the financial services provider’s stock worth $250,000 after buying an additional 74 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Chubb by 16.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 259,587 shares of the financial services provider’s stock worth $84,607,000 after buying an additional 36,000 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key Chubb News

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald lifted their target price on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America cut their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. The Goldman Sachs Group increased their price target on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company raised their price objective on Chubb from $333.00 to $358.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $358.81.

Chubb Price Performance

CB opened at $347.43 on Monday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The company’s 50 day simple moving average is $329.91 and its 200 day simple moving average is $324.60. The stock has a market capitalization of $134.75 billion, a PE ratio of 12.27, a P/E/G ratio of 1.78 and a beta of 0.40. 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 posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, sell-side analysts expect that Chubb Limited will post 26.76 EPS for the current year.

Chubb Increases Dividend

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

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The stock was 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 in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.37% of the company’s stock.

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.