Covington Investment Advisors Inc. Takes $778,000 Position in Chubb Limited $CB

Posted by Stanley Muller on Aug 24th, 2026

Covington Investment Advisors Inc. acquired a new position in Chubb Limited (NYSE:CB – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,284 shares of the financial services provider’s stock, valued at approximately $778,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. XXEC Inc. bought a new stake in Chubb in the 2nd quarter valued at $228,226,000. Berkshire Hathaway Inc increased its holdings in shares of Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. BlackRock Inc. bought a new position in shares of Chubb during the 2nd quarter worth about $9,913,336,000. State Street Corp raised its position in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after buying an additional 68,553 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CB shares. Atlantic Securities set a $301.00 target price on Chubb in a research report on Wednesday, July 15th. UBS Group upped their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Morgan Stanley lifted their price objective on Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Finally, Mizuho boosted their price objective on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $361.00.

Get Our Latest Research Report on Chubb

Insiders Place Their Bets

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 sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Up 0.0%

Shares of CB opened at $341.15 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $345.88 and a two-hundred day moving average price of $333.46. The stock has a market cap of $131.62 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.65 and a beta of 0.39. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91.

Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the company posted $6.14 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

About Chubb

(Free Report)

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.