4,275 Chubb Limited $CB Shares Bought by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors increased its Chubb position by 202.3%, buying 4,275 shares to bring its total holdings to 6,388 shares valued at approximately $2.08 million. Institutional investors own 83.81% of Chubb’s stock.
• Analyst sentiment is mixed: Chubb has a consensus “Hold” rating and a $358.36 average price target, while Keefe, Bruyette & Woods maintained an “outperform” rating but trimmed its target to $387.
• Chubb shares opened at $346.06, up about 22% over the past year, and the company pays a quarterly dividend of $1.02, equivalent to a 1.2% yield. Investors were also preparing for upcoming earnings, with expectations for third-quarter profit to decline.

Forvis Mazars Wealth Advisors LLC boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 202.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,388 shares of the financial services provider's stock after purchasing an additional 4,275 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Chubb were worth $2,078,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Chubb in the second quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new stake in shares of Chubb during the second quarter valued at approximately $26,000. Highland Investment Advisors LLC purchased a new position in Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC raised its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after acquiring an additional 38 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb increased despite a broader market decline, reflecting continued investor confidence in its defensive insurance profile and operating performance. The company’s diversified portfolio, strong underwriting profits and investment income have supported a roughly 22% gain over the past year. Chubb Increases Despite Market Slip: Here's What You Need to Know CB Stock Rises 22% in a Year: What Should Investors Know?
• Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating and still sees potential upside, indicating that the firm views Chubb’s long-term prospects favorably despite a modest valuation adjustment.
• Neutral Sentiment: Chubb is scheduled to release third-quarter earnings on Tuesday. The report is likely to be the primary near-term catalyst for the stock, particularly as investors assess underwriting results, catastrophe losses, pricing trends and investment income. Chubb Set to Release Earnings on Tuesday
• Neutral Sentiment: Recent premarket and after-hours indications show ongoing trading interest in Chubb, but these observations do not provide fundamental information about the company’s outlook. Chubb Stock Premarket
• Negative Sentiment: Zacks expects third-quarter earnings to decline and says Chubb lacks the combination of factors typically associated with a likely earnings beat. That outlook could limit further gains ahead of the report. Earnings Preview: Chubb Q3 Earnings Expected to Decline
• Negative Sentiment: Keefe, Bruyette & Woods lowered its Chubb price target from $389 to $387, signaling slightly reduced expectations, although the revised target remains above the current share price.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Weiss Ratings lowered Chubb from a "buy (a-)" rating to a "buy (b)" rating in a report on Friday, October 2nd. HSBC reissued a "hold" rating and issued a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Piper Sandler boosted their price target on Chubb from $340.00 to $374.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Finally, Mizuho lowered their price target on Chubb from $347.00 to $336.00 and set a "neutral" rating on the stock in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of "Hold" and a consensus target price of $358.36.

Insider Activity at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares of the company's stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Up 0.3%

Chubb stock opened at $346.06 on Wednesday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The stock has a fifty day moving average of $340.31 and a 200 day moving average of $335.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $133.51 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $6.14 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 27.68 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, September 11th. Chubb's dividend payout ratio is 14.43%.

About Chubb

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

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