Chubb Limited $CB Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its Chubb stake by 3.7%, selling 4,140 shares and leaving it with 107,071 shares worth about $33.4 million.
• Company insiders have been selling: CEO Evan G. Greenberg sold 15,060 shares and EVP Timothy Boroughs sold 27,817 shares, with insiders offloading 44,877 shares (~$14.9M) over the last three months.
• Q1 results beat expectations (EPS $6.82 vs $6.58 est., revenue $14.93B vs $13.51B), prompting price-target upgrades and investor interest, but concerns about a softening property market and higher realized losses weighed on sentiment.

Arizona State Retirement System lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 107,071 shares of the financial services provider's stock after selling 4,140 shares during the period. Arizona State Retirement System's holdings in Chubb were worth $33,419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 56 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter valued at $31,000. Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in shares of Chubb during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company's stock, valued at $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company's stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,877 shares of company stock valued at $14,885,226 over the last three months. 0.37% of the stock is owned by corporate insiders.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Q1 results beat revenue and underwriting expectations: Chubb reported stronger-than-expected top-line growth and higher P&C underwriting profit, plus improved investment and life income — a core reason investors are bullish today. CB Q1 Deep Dive
• Positive Sentiment: Multiple brokerages raised price targets or reiterated positive ratings (HSBC to $370 buy; Keefe Bruyette & Woods to $374 outperform; Evercore to $349; Barclays to $375; Citizens JMP to $365), supporting upside momentum. HSBC PT Raise KBW PT Raise
• Positive Sentiment: Berkshire Hathaway / Warren Buffett continuing ownership is a structural positive for investor confidence; coverage pieces highlight Buffett’s large stake as endorsement. Buffett Confidence
• Neutral Sentiment: Some analysts remain conflicted or neutral — Cantor Fitzgerald reaffirmed a neutral/price-target view ($315), and broader coverage shows mixed sentiment across financial peers, tempering a unanimous buy case. Analysts Conflicted
• Negative Sentiment: Market concerns about a softening property insurance market—rising competition and declining rates—are weighing on sentiment despite the beat; this is cited as the reason shares dipped after results in some coverage. CNBC Market Concerns
• Negative Sentiment: GAAP EPS was pressured by higher realized losses in the quarter (reported in some earnings coverage), a near-term headwind investors must monitor even as core underwriting improved. GAAP EPS Miss

Chubb Price Performance

NYSE CB opened at $332.82 on Friday. The company has a 50 day simple moving average of $329.13 and a 200-day simple moving average of $309.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.34 and a quick ratio of 0.27. The firm has a market capitalization of $129.88 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.72 and a beta of 0.49. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.58 by $0.24. The business had revenue of $14.93 billion during the quarter, compared to analyst estimates of $13.51 billion. Chubb had a net margin of 18.58% and a return on equity of 14.30%. During the same period in the prior year, the firm earned $3.68 earnings per share. Equities research analysts predict that Chubb Limited will post 26.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb's dividend payout ratio is 13.70%.

Analyst Ratings Changes

A number of brokerages have recently commented on CB. Wells Fargo & Company increased their price objective on Chubb from $321.00 to $333.00 and gave the company an "equal weight" rating in a research report on Thursday. Piper Sandler upped their price target on shares of Chubb from $319.00 to $328.00 and gave the company a "neutral" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Chubb from $304.00 to $330.00 and gave the company a "hold" rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday. Finally, BMO Capital Markets upped their price target on shares of Chubb from $283.00 to $326.00 and gave the company a "market perform" rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chubb presently has an average rating of "Hold" and a consensus price target of $348.71.

Chubb Company 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.

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