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

Parr Mcknight Wealth Management Group LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period.

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

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated 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 $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.1%

Shares of CB stock opened at $347.43 on Monday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29. The stock 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 business has a fifty day simple moving average of $329.91 and a 200-day simple moving average of $324.60. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings results 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, analysts forecast that Chubb Limited will post 26.76 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. The ex-dividend date was Friday, June 12th. This is an increase 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%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CB. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Citizens Jmp boosted their price objective on shares of Chubb from $365.00 to $400.00 and gave the company a “market outperform” rating in a research note on Friday. Citigroup restated an “outperform” rating on shares of Chubb in a research report on Friday. Evercore restated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research note on Friday. Finally, Barclays set a $387.00 target price on shares of Chubb in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average 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.