Pittenger & Anderson Inc. Increases Stake in Chubb Limited $CB

Pittenger & Anderson Inc. grew its holdings in Chubb Limited (NYSE:CB) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,174 shares of the financial services provider’s stock after acquiring an additional 1,589 shares during the period. Pittenger & Anderson Inc.’s holdings in Chubb were worth $19,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its stake in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in Chubb during the first quarter valued at about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the third quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in Chubb in the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Chubb in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CB shares. Wells Fargo & Company boosted their price objective on Chubb from $333.00 to $358.00 and gave the company an “equal weight” rating in a research note on Thursday. Evercore restated an “outperform” rating and set a $374.00 target price on shares of Chubb in a research note on Friday. Bank of America lowered their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $358.81.

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 Price Performance

Shares of NYSE CB traded down $0.37 during mid-day 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 debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $365.29. The stock has a fifty day moving average of $329.91 and a two-hundred day moving average of $324.50. The firm 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.

Chubb (NYSE:CB) last issued its 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 company had revenue of $14.93 billion for the quarter. As a group, sell-side analysts anticipate that Chubb Limited will post 26.76 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed 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. 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 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the business’s 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 transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

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.