Royal London Asset Management Adds $111M in Chubb Limited ($CB)
The asset manager boosted its stake in Chubb by 156% in the latest 13F filing.
Key Points
- Royal London Asset Management increased its Chubb position by 156% to 534,858 shares, valued at $175.4 million, as per the latest 13F filing.
- Chubb shares are trading near $327.93 with a market cap of $127.3 billion and a P/E ratio of 11.6.
- Recent insider activity at Chubb includes executive stock sales, while analysts maintain varied ratings with price targets up to $374.
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Royal London Asset Management significantly increased its stake in Chubb Limited (NYSE:CB), according to its latest 13F filing with the SEC. The asset manager boosted its holdings by 156%, adding 326,291 shares to its portfolio. This brought its total to 534,858 shares, valued at approximately $175.4 million as of the reporting period.
What Changed in Royal London Asset Management's Chubb Position
Royal London Asset Management's recent filing shows a substantial increase in its position in Chubb Limited. The firm increased its holdings from 208,567 shares to 534,858 shares, a change of 326,291 shares or 156%. This move reflects a significant commitment to the insurance giant, with the reported value of the holdings reaching $175.4 million.
Other Institutional Activity in Chubb
Other major institutional investors have also been active in Chubb. Berkshire Hathaway Inc. maintained its position with 34,249,183 shares valued at approximately $11.16 billion. BlackRock, Inc. decreased its stake by 383,096 shares, ending with 27,888,703 shares worth about $9.09 billion. Vanguard Capital Management LLC added 23,255,968 shares, bringing its total to the same number, valued at $7.58 billion. State Street Corp reduced its holdings by 138,872 shares to 16,706,179 shares, valued at $5.46 billion. Price T. Rowe Associates Inc. increased its holdings by 845,752 shares, reaching a total of 15,793,551 shares worth approximately $5.15 billion.
Chubb Limited Stock Up 0.2%
Shares of Chubb Limited (NYSE:CB) are trading near $327.93. The company has a market cap of $127.3 billion and a P/E ratio of 11.6. Its beta is 0.421, indicating lower volatility compared to the market. The stock's 52-week range is between $264.1 and $345.67, with a 50-day moving average of $324.79 and a 200-day moving average of $307.46. Chubb's current ratio is 0.386, and its debt-to-equity ratio is 31.458.
$CB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Chubb reported revenue of $60.99 billion, reflecting a growth rate of 10.2%. The company achieved a net margin of 18.53% and a return on equity of 15.43%. Its earnings per share stood at $28.29. The next earnings report is expected on April 21, 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 pays an annual dividend of $4.08 per share, yielding 1.24%. The dividend payout ratio is 13.72%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at Chubb Limited
Recent insider transactions at Chubb include Executive Vice President Juan Luis Ortega selling 3,886 shares on June 8, 2026, and President & COO John Keogh selling 23,000 shares on May 27, 2026. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 12, 2026, Barclays maintained its hold rating on Chubb with a price target of $368. Piper Sandler also maintained a hold rating with a target of $340 on May 26, 2026. Keefe, Bruyette & Woods maintained a buy rating with a target of $374 on April 23, 2026. The consensus among 23 analysts is a buy recommendation, with a mean price target of $345.35.
About Chubb Limited
Chubb Limited is a global provider of insurance and reinsurance products, headquartered in Zurich, Switzerland. Led by CEO Mr. Evan G. Greenberg, the company operates in various segments including commercial and personal property and casualty insurance, life insurance, and reinsurance. Chubb offers a wide range of products, including liability, health, and specialty coverages, serving clients worldwide with a workforce of 45,000 employees.
Bottom Line
Royal London Asset Management's significant increase in its Chubb holdings showcases the asset manager's confidence in the company. Chubb's strong market presence, diverse product offerings, and solid financial performance make it a noteworthy player in the insurance industry. As always, remember that 13F filings reflect past positions and may not represent current holdings.
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