Connor, Clark & Lunn Investment Management Adds $50M in Chubb Limited ($CB)
The investment firm significantly boosted its holdings in Chubb Limited, according to the latest SEC filing.
Key Points
- Connor, Clark & Lunn Investment Management increased its stake in Chubb Limited by 195.9%, adding 146,521 shares for a total of 221,294 shares.
- Chubb Limited's stock traded near $332.11 with a P/E ratio of 11.50 and a market cap of approximately $126.1 billion.
- Analysts have set a mean price target of $345.04 for Chubb Limited, with recent ratings maintaining a 'buy' consensus.
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Connor, Clark & Lunn Investment Management has significantly boosted its investment in Chubb Limited (NYSE:CB). According to the latest Form 13F filing with the SEC, the firm increased its holdings by 195.9% during the reporting period, adding 146,521 shares. This brings its total to 221,294 shares, valued at approximately $73.49 million.
Connor, Clark & Lunn Investment Management vs. the S&P 500
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What Changed in Connor, Clark & Lunn's Chubb Limited Position
Connor, Clark & Lunn Investment Management ramped up its position in Chubb Limited, growing its total shares to 221,294 from a previous 74,773. The addition of 146,521 shares represents a 195.9% increase, reflecting a substantial vote of confidence in the insurance giant.
Other Institutional Activity in Chubb Limited
Several other institutional investors adjusted their positions in Chubb Limited. Berkshire Hathaway Inc. maintained its substantial stake with 34,249,183 shares valued at about $11.16 billion. BlackRock, Inc. trimmed its holdings by 383,096 shares to a total of 27,888,703 shares, worth approximately $9.09 billion, marking a 1.4% decrease. Vanguard Capital Management LLC opened a new position, acquiring 23,255,968 shares valued at around $7.58 billion. State Street Corp reduced its stake by 138,872 shares, leaving it with 16,706,179 shares valued at $5.46 billion, a 0.8% decrease. Meanwhile, Price T Rowe Associates Inc /MD/ increased its holdings by 845,752 shares, resulting in a 5.7% increase to 15,793,551 shares, valued at approximately $5.15 billion.
Chubb Limited Stock Up 0.2%
Shares of NYSE:CB traded near $332.11 on Wednesday. Chubb Limited boasts a market capitalization of about $126.1 billion and has a price-to-earnings (P/E) ratio of 11.50. The stock's beta is relatively low at 0.421, indicating less volatility compared to the market. Over the past 52 weeks, the stock has ranged from $264.10 to $345.67. Its 50-day moving average stands at $324.62, while the 200-day moving average is $308.51.
$CB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Chubb Limited reported revenues of approximately $60.99 billion, with a revenue growth of 10.2%. The company's net margin stands at 18.53%, and it has a return on equity (ROE) of 15.43%. Earnings per share (EPS) came in at $28.27. Investors are looking forward to the next earnings report, scheduled for July 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS met estimates. Revenue beat estimates by 22.6%.
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Profit surprise
Operating income met by 0 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 24.6 points. Operating margin down 12.4 points. Positive free cash flow.
Earnings Call Summary
Chubb had an excellent first quarter with total net premiums of 14.8 billion dollars, up 10.7 percent year over year. Core operating earnings reached 2.7 billion dollars or 6.82 dollars per share, well above the prior year quarter which was hurt by California wildfires. The company delivered a P&C combined ratio of 84 percent and grew tangible book value per share by 21.5 percent. Management highlighted strong international retail growth of over 15 percent, North America personal lines growth of 8.3 percent, and challenging property pricing conditions in shared and layered business where they strategically reduced exposure. Evan Greenberg noted that soft property pricing in certain markets is being driven by excessive capital chasing finite business, particularly through volume-incentive MGAs and alternative capital seeking returns, creating what he called dumb pricing.
Guidance Management did not provide specific forward guidance for full year or next quarter. Evan Greenberg stated confidence in continuing strong growth in operating earnings, double-digit growth in earnings per share, and tangible book value growth. He noted the company remains confident despite global uncertainty, particularly from Middle East geopolitical tensions and their potential impact on inflation and supply chains.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
Chubb Limited offers an annual dividend rate of $4.08 per share, yielding 1.26%. The dividend payout ratio is a modest 13.72%, providing room for potential increases.
Insider Buying and Selling at Chubb Limited
Recent insider activity at Chubb Limited includes Executive Vice President Juan Luis Ortega selling 3,886 shares on June 8, 2026, at a price of $322.08. On the same day, Ortega also bought 3,886 shares at $139.01. Additionally, President and COO John Keogh sold 23,000 shares on May 27, 2026, at an average price of $321.51.
Analysts Set New Price Targets
Analysts have been active with their ratings on Chubb Limited. On June 12, 2026, Barclays maintained its 'hold' rating with a price target of $368. Piper Sandler also maintained a 'hold' rating on May 26, 2026, with a target of $340. Keefe, Bruyette & Woods reiterated a 'buy' rating on April 23, 2026, setting a target of $374. The consensus among analysts is a 'buy' recommendation, with a mean target price of $345.04.
About Chubb Limited
Chubb Limited is a leading global provider of insurance and reinsurance products. Headquartered in Zurich, Switzerland, the company operates across various segments, including commercial and personal property and casualty insurance, life insurance, and reinsurance. Under the leadership of CEO Evan G. Greenberg, Chubb is known for its comprehensive range of coverage options, serving clients worldwide with a workforce of approximately 45,000 employees.
Bottom Line
Connor, Clark & Lunn Investment Management's significant increase in its Chubb Limited holdings underscores the firm's confidence in the insurance provider's prospects. While these 13F filings are backward-looking, they offer insights into institutional sentiment and strategy. Investors often track such moves to gauge market trends and potential shifts in major holdings.
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