Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm, ranch, and specialty property and casualty, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual and life, group term life, health protection, personal accident, credit life, universal life, group employee benefits, and unit linked contracts. It markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

Chubb Limited

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the State Street Investment Management, where 78,350,000 units were destroyed, or a 6.1% decrease week over week. Among the largest underlying components of SPYM, in morning trading today Nvidia is up about 0.6%, and Apple is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco KBW Property & Casualty Insurance ETF, which lost 1,520,000 of its units, representing a 39.8% decline in outstanding units compared to the week prior. Among the largest underlying components of KBWP, in morning trading today Chubb is down about 0.1%, and Marsh & Mclennan Companies is lower by about 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SPYM, KBWP: Big ETF Outflows

The Motley Fool Interviews MichaelAaron Flicker: Hacking the Human Mind

Friday, December 26, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Advanced Micro Devices, Inc. (AMD), The Goldman Sachs Group, Inc. (GS) and Lam Research Corp. (LRCX), as well as two micro-cap stocks, AstroNova, Inc. (ALOT) and Blue Dolphin Energy Co. (BDCO). These research reports have been hand-picked from roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Full-Day in the Markets on a Recently Declared Federal Holiday
Today's Featured Research Reports
Advanced Micro Devices’ shares have outperformed the Zacks Computer – Integrated Systems industry over the last six months (+49.5% vs. +47.0%). The Zacks analyst believes AMD is benefiting from rising demand for EPYC processors as cloud, enterprise and AI-driven workloads expand. Growing adoption by major hyperscalers, increased use of Instinct accelerators and the launch of the MI350 series have strengthened AMD’s system-level capabilities, supported by a broad ecosystem of cloud and AI partners.
However, the company faces intense competition from NVIDIA in AI accelerators and from Intel in CPUs, whose entrenched ecosystems and strong market positions continue to pressure its growth prospects.
(You can read the full research report on Advanced Micro Devices here >>>)
Goldman Sachs’ shares have outperformed the Zacks Financial – Investment Bank industry over the past year (+58.1% vs. +39.2%). The Zacks analyst believes that the company has shown solid momentum, supported by strong execution in investment banking and trading. The firm is refocusing on its core businesses, scaling back consumer banking, and expanding through strategic acquisitions in private equity credit and global alternatives, which should strengthen its global presence and revenue mix.
Yet heavy reliance on overseas markets raises concerns amid geopolitical uncertainty. Rising expenses from ongoing technology investments and higher transaction-related costs during periods of strong client activity also remain key challenges.
(You can read the full research report on Goldman Sachs here >>>)
Lam Research’s shares have outperformed the Zacks Electronics – Semiconductors industry over the past six months (+82.5% vs. +25.3%). The Zacks analyst believes that the company is benefiting from its strength in 3D DRAM and advanced packaging, with rising etch and deposition intensity driven by more complex 3D architectures. Improving memory spending, solid demand for high-bandwidth memory and continued investments in research and development position the company well to capitalize on higher wafer fab equipment demand.
However, spending on mature semiconductor nodes is likely to remain weak in the near term. Ongoing trade and tariff tensions between the United States and China also remain a key risk to its outlook.
(You can read the full research report on Lam Research here >>>)
AstroNova’s shares have underperformed the Zacks Technology Services industry over the past year (-34.2% vs. +22.0%). The Zacks analyst believes that execution challenges persist for the company, including margin pressure from inventory buildup, volatility in the Product ID segment, sluggish Aerospace OEM demand and weak cash conversion, despite the stock trading well below peer valuations.
Yet AstroNova is repositioning for margin expansion by shifting toward higher-margin ToughWriter 640 printers, supported by cost reductions, lower debt and proprietary printhead technology that enables vertical integration and recurring revenue.
(You can read the full research report on AstroNova here >>>)
Blue Dolphin Energy’s shares have underperformed the Zacks Oil and Gas – Exploration and Production – United States industry over the last six months (-24.0% vs. -12.5%). The Zacks analyst believes severe liquidity stress, weakening profitability, refinancing risk and governance concerns tied to affiliate dependence weigh heavily on the company. Exposure to demand softness, crude price volatility, inventory risks and limited capital access further threaten its long-term viability.
However, the company continues to operate its refining business with support from affiliated entities, which has helped sustain operations in a difficult industry environment.
(You can read the full research report on Blue Dolphin here >>>)
Other noteworthy reports we are featuring today include Intuitive Surgical, Inc. (ISRG), Chubb Ltd. (CB) and Parker-Hannifin Corp. (PH).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Better Pricing, New Business Growth Drive Chubb Limited (CB)
Per the Zacks analyst, Chubb is set to grow on better pricing, new business growth and high renewal rates. Yet, exposure to cat loss induces underwriting volatility while costs pressurize margin.
Halozyme's (HALO) ENHANZE Drug Delivery Technology Aid Growth
Per the Zacks Analyst, Halozyme's collaboration deals with large pharma companies related to ENHANZE technology, drives revenue growth. Over dependence on partners for revenues remains a woe.
Defense and Cybersecurity Strength Boosts Northrop Grumman (NOC)
According to the Zacks analyst, Northrop Grumman's strong positioning in high-priority defense, space, and cyber programs and its $91.45B backlog support steady growth and rising revenues.
Aerospace Unit Aids Parker-Hannifin (PH), High Debt Ails
Per the Zacks analyst, Parker-Hannifin will benefit from strength in Aerospace Systems segment, led by robust OEM and aftermarket demand. However, its high debt profile remains concerning.
Intuitive Surgical's (ISRG) da Vinci System Helps Offset Risks
Per the Zacks analyst, growing adoption of Intuitive Surgical's da Vinci system is driving its revenues as well as helping offsetting risks like supply-chain issues and rising costs.
CVS Health (CVS) Pharmacy Arm, Digital Capabilities Expand
The Zacks analyst is impressed with CVS Health's stronger-than-expected pharmacy growth and its $20 billion, decade-long tech investment to streamline operations and boost customer engagement.
Aon's (AON) Strategic Acquisitions Aid, Expenses Woes Linger
Per the Zacks analyst, several acquisitions and collaborations are helping AON enhance its capabilities and driving its profit growth. However, rising expenses remain a concern.
New Upgrades
Celestica (CLS) Rides on Healthy Demand for Networking Products
Per the Zacks analyst, strong demand for networking products, including 400G switches and 800G switches, will likely drive Celestica's top line. Its focus on AI integration is positive.
CommScope (COMM) Rides on Solid Demand in ANS Segment
Per the Zacks analyst, growing deployments of DOCSIS 4.0 amplifier and node products are expected to drive CommScope's top line. Strong focus on innovation is a tailwind.
Crocs (CROX) Stays on Track to Deliver Long-Term Growth
Per the Zacks analyst, Crocs is advancing its long-term growth plan through iconic products, global expansion and portfolio diversification, driving revenue growth, margin gains and cash flow.
New Downgrades
Pembina (PBA) Debt Load Raises Concerns Over Financial Health
The Zacks analyst believes that Pembina Pipeline's significant C$12.6 billion debt and short-term asset challenges may hinder its ability to sustain growth and financial stability.
Rising Competition and Declining RPE Hurt Robert Half (RHI)
Per the Zacks analyst, heightened competition makes it difficult for Robert Half to balance growth and profitability. Declining revenues per employee (RPE) is a red flag for investors.
Dismal Comps and High Costs Hurt Jack in the Box's (JACK) Prospects
Per the Zacks analyst, Jack in the Box's performance is being hurt by dismal comps stemming from negative traffic trends. Also, high debt levels and costs are a concern.
Zacks Naming Top 10 Stocks for 2026
Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Advanced Micro Devices, Goldman Sachs and Lam Research

Shares of Berkshire Hathaway Inc. BRK.B have gained momentum recently. The stock moved above its 50- as well as 200-day simple moving average (SMA) on Dec. 22, signaling a bullish trend.
The 50-day and 200-day SMAs are key indicators for traders and analysts to identify support and resistance levels. These are considered particularly important as they are the first markers of an uptrend or downtrend.
Image Source: Zacks Investment Research
Based on short-term price targets offered by four analysts, the Zacks average price target is $537.75 per share. The average suggests a potential 7.6% upside from the last closing price.
BRK.B shares have gained 10.4% year to date, outperforming the industry’s increase of 9.9%. Berkshire Hathaway is a conglomerate with more than 90 subsidiaries engaged in diverse business activities. This provides it stability in various economic cycles.
BRK.B’s peer, Chubb Limited CB, has gained 13.4% year to date, while another peer, The Progressive Corporation PGR, has lost 5.3% year to date.
Chubb, a premier global provider of property and casualty insurance and reinsurance, is targeting growth in the middle-market segment across domestic and international regions. Chubb is enhancing its core package solutions and expanding its specialty insurance portfolio. With focused strategic initiatives, Chubb seeks sustainable growth and stronger competitive positioning.
Progressive, one of the top auto insurers in the United States, is well-positioned to sustain profitability through its strong market presence, broad product offerings and disciplined underwriting. Progressive is advancing its strategy by promoting bundled auto insurance, limiting exposure to high-risk properties, and enhancing segmentation with targeted, innovative solutions. With this approach, Progressive continues to strengthen its competitive edge.
BRK.B Shares Are Expensive
The stock is overvalued compared with its industry. It is currently trading at a price-to-book multiple of 1.54, higher than the industry average of 1.51 but below the median of 1.57.
Image Source: Zacks Investment Research
Berkshire is relatively cheap compared to Progressive but expensive compared to Chubb.
The Case for BRK.B Stock
Berkshire Hathaway’s insurance operations form the core of its business model, accounting for about one-quarter of total revenues and serving as a major engine of long-term value creation. The segment’s strength lies in disciplined underwriting, broad market reach and an ability to remain profitable across economic cycles. A critical advantage is the impressive underwriting float it generates, which Warren Buffett has consistently used as a low-cost source of capital to fund investments across the company.
This insurance strength is complemented by Berkshire’s other major operating businesses. Berkshire Hathaway Energy (BHE), its regulated utility arm, delivers stable and predictable cash flows while continuing to expand investments in renewable energy. These initiatives align well with long-term global trends such as electrification, decarbonization and sustainability.
Within this segment, Burlington Northern Santa Fe (BNSF) plays a crucial strategic role as one of the largest freight rail networks in the United States. Although BNSF is currently facing challenges from an unfavorable freight mix and lower fuel surcharge revenues, it remains a high-quality, long-duration asset supported by essential freight demand and the ongoing importance of U.S. transportation infrastructure.
Berkshire’s Manufacturing, Service and Retail businesses add another layer of diversification and growth potential. This segment is more cyclical in nature and stands to benefit meaningfully from economic expansion and stronger consumer activity, which could drive higher sales volumes and margin improvement over time.
From a financial perspective, Berkshire maintains one of the most conservative capital allocation profiles among large corporations. The company holds more than $100 billion in cash and cash equivalents, with nearly 90% invested in short-term U.S. Treasuries and other government-backed securities. While elevated interest rates have recently enhanced investment income, expected Federal Reserve rate cuts should still preserve ample liquidity and provide flexibility. This conservative balance sheet allows Berkshire to act decisively on acquisition opportunities while maintaining steady income generation.
Berkshire has also been actively adjusting its equity portfolio. It has exited its position in BYD, reduced stakes in Apple and Bank of America, and expanded exposure to Japanese trading houses such as Mitsubishi and Mitsui. More recently, the company initiated an investment in Alphabet, reflecting confidence in durable, innovative businesses with strong cash flows. These portfolio shifts highlight a focus on stability, long-term value and capital returns through reinvestment and share repurchases.
Finally, Berkshire’s growing insurance float—rising from $114 billion in 2017 to $176 billion by the end of the third quarter of 2025—continues to supply low-cost capital, strengthening its balance sheet and reinforcing its ability to compound shareholder value over time.
Berkshire Hathaway’s Return on Capital
Return on equity (“ROE”) in the trailing 12 months was 7.3%, underperforming the industry average of 8%. Return on equity, a key profitability measure, reflects how effectively a company utilizes its shareholders’ funds. It is noteworthy that though BRK.B’s ROE lags the industry average, the metric has been improving consistently.
The same holds true for return on invested capital (ROIC), which has increased every year since 2020. This reflects BRK.B’s efficiency in utilizing funds to generate income. However, ROIC in the trailing 12 months was 5.7%, lower than the industry average of 6.2%.
Muted Analyst Sentiment
The Zacks Consensus Estimate for 2025 and 2026 revenues indicates a 3.5% and 6% year-over-year increase, respectively. However, the consensus estimate for 2025 and 2026 earnings implies a 5.2% and 3.9% year-over-year decrease, respectively.
Image Source: Zacks Investment Research
The consensus estimate for 2025 and 2026 earnings witnessed no movement in the last 30 days.
Parting Thoughts on BRK.B Shares
Berkshire Hathaway has been a cornerstone of investor portfolios for decades, generating steady shareholder value under Warren Buffett’s nearly 60-year leadership. The spotlight now shifts to the next chapter, with Greg Abel set to become CEO on Jan 1, 2026, while Buffett remains executive chairman.
Still, current factors warrant caution. With the stock trading at a premium, returns on capital appearing moderate, looming near-term earnings pressure and muted analyst sentiment, maintaining a wait-and-see stance appears sensible for this Zacks Rank #3 (Hold) stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Naming Top 10 Stocks for 2026
Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BRK.B Stock Moves Above 50- & 200-Day SMA: Buy, Sell or Stay Invested?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JPMorgan US Quality Factor ETF (Symbol: JQUA) where we have detected an approximate $432.4 million dollar inflow -- that's a 5.6% increase week over week in outstanding units (from 119,900,000 to 126,650,000). Among the largest underlying components of JQUA, in trading today Gilead Sciences Inc (Symbol: GILD) is up about 1.8%, Chubb Ltd (Symbol: CB) is up about 0.5%, and Automatic Data Processing Inc. (Symbol: ADP) is lower by about 1.1%. For a complete list of holdings, visit the JQUA Holdings page » The chart below shows the one year price performance of JQUA, versus its 200 day moving average:
Looking at the chart above, JQUA's low point in its 52 week range is $49.2541 per share, with $64.3476 as the 52 week high point — that compares with a last trade of $63.65. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Top Ten Hedge Funds Holding HUBC
PWR MACD
CARZ Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: JQUA, GILD, CB, ADP

Key Points
Investing in blue-chip stocks can provide a solid foundation for your portfolio due to their resilience.
Blue-chip companies typically generate consistent cash flow, enabling them to pay dividends, engage in share buybacks, and invest in growth opportunities.
Many blue-chip stocks are leaders in their respective industries, which positions them well to weather business cycles.
If you're looking to build wealth, investing in the stock market is an excellent place to start. But with literally thousands of stocks to choose from, where does one start? One type of stock to consider is blue-chip stocks. These are companies that are industry leaders with proven business models and a long history of operating across the various economic and business cycles.
These companies tend to have strong balance sheets and sound business models, helping these stocks deliver stellar returns over time. One key advantage is that they generate steady cash flow, which can fund dividends, share buybacks, acquisitions, or other investments that help support long-term growth.
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Another benefit is that these companies can be a pillar of stability in your portfolio, because they tend to experience less volatility than more speculative ventures. If this appeals to you and you have $10,000 in cash you're looking to invest, here are five top-notch blue-chip stocks to buy today.
The largest bank in the United States
JPMorgan Chase (NYSE: JPM) is the largest bank in the United States and a premier blue-chip stock. The bank boasts a massive balance sheet with over $3.8 trillion in assets under management worldwide. This large asset base provides it with advantages of scale, including a low-cost funding source and a fortress balance sheet that allows it to weather economic downturns better than its peers.
With CEO Jamie Dimon at the helm, JPMorgan Chase has navigated various business and economic environments. Most recently, the bank stood out among its peers during the Federal Reserve's interest rate hiking cycle from 2022 to 2023. Not only did the bank benefit from higher interest income, but its fortress balance sheet also enabled it to scoop up First Republic Bank's assets when many other banks struggled.
The world's largest asset manager
BlackRock (NYSE: BLK) is the world's largest asset manager with over $13.5 trillion in assets under management (AUM). This scale provides BlackRock with a huge source of recurring revenue, as it earns a percentage of fees based on total AUM.
The investment firm's strength lies in its exchange-traded fund (ETF) products, which are offered through its iShares brand. BlackRock is one of the world's largest ETF providers because it offers investors targeted exposure across industries, sectors, themes, and other investment considerations.
The growth of passive investing has been aided by BlackRock's expanding product lineup, which generates stable revenue and free cash flow, allowing the firm to reinvest in the business or reward shareholders with a growing dividend, which it has done for 16 consecutive years.
An essential player in global credit markets
Moody's (NYSE: MCO) is a key player in global financial markets due to its role in the credit rating industry. When corporations and governments issue debt or other structured debt products, they require a credit rating to access global markets and appeal to institutional investors, such as banks and pension funds.
What makes Moody's compelling is the high barriers to entry for the credit rating industry. It takes decades to build up expertise and, more importantly, the trust of market participants. Not only that, but regulatory burdens are high, and today Moody's and S&P Global dominate the credit rating industry, collectively holding an 80% market share.
With stellar profit margins and a strong position in a hard-to-break-into industry, Moody's is another solid blue-chip stock to consider today.
Two top-notch insurance companies
When it comes to blue-chip stocks, insurance companies can be quite appealing due to their steady premium income and investment returns. Two property and casualty insurance companies with an excellent track record of underwriting profitability are Progressive (NYSE: PGR) and Chubb (NYSE: CB).
Both companies operate in the insurance space, but not necessarily in the same space. Progressive primarily writes personal auto insurance policies and is the second-largest auto insurer in the U.S. Meanwhile, Chubb underwrites commercial insurance across a wide range of products, including general liability, cyber risk, accident, health, and specialty insurance.
Chubb consistently pays a dividend, which it has increased every year for the past 32 years. On the other hand, Progressive rewards investors with a special dividend during years of strong growth. The company recently declared a special dividend of $13.50, or a 5.8% yield based on its most recent closing price.
Should you buy stock in JPMorgan Chase right now?
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JPMorgan Chase is an advertising partner of Motley Fool Money. Courtney Carlsen has positions in JPMorgan Chase and Progressive. The Motley Fool has positions in and recommends JPMorgan Chase, Moody's, Progressive, and S&P Global. The Motley Fool recommends BlackRock. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

5 Blue Chip Stocks to Buy With $10,000 and Hold Forever

Key Points
Davis Asset Management purchased 619,236 shares,
This was worth $34.5 million at quarter end.
FB Financial now accounts for 1.2% of fund AUM.
On Nov/ 14, Davis Asset Management, L.P. disclosed a new position in FB Financial Corporation (NYSE:FBK), reporting 619,236 shares valued at approximately $34.5 million as of Sept. 30. The holding represented 1.2% of the firm's assets under management (AUM)
What happened
Davis Asset Management, L.P. established a new position in FB Financial Corporation (NYSE:FBK) during the third quarter, according to a filing with the Securities and Exchange Commission (SEC) dated Nov. 14. The fund reported holding 619,236 shares, with a market value of $34.5 million as of Sept. 30. This addition accounted for approximately 1.2% of the firm’s approximately $2.8 billion in reportable U.S. equity assets across 31 total positions.
What else to know
This was a new position for the fund,
Top holdings post-filing:
NASDAQ: META: $367.2 million (13.1% of AUM)
NASDAQ: GOOGL: $243.6 million (8.7% of AUM)
NYSE: WAL: $216.8 million (7.7% of AUM)
NYSE: STT: $139.2 million (5.0% of AUM)
NYSE: CB: $127.0 million (4.5% of AUM)
As of Nov. 13, shares of FB Financial were priced at $54.60, returning -1.9% (including dividends) over the prior year, underperforming the S&P 500's 14% total return.
FB Financial reported trailing twelve-month revenue of $815.5 million and net income of $103.6 million.
Company Overview
Price (as of market close 2025-11-13)
$54.60
Market Capitalization
$2.91 billion
Revenue (TTM)
$815.5 million
Net Income (TTM)
$103.6 million
Company Snapshot
FB Financial Corporation is a regional bank holding company headquartered in Nashville, Tennessee, operating primarily through its FirstBank subsidiary. The company leverages a diversified product suite and a robust branch network to serve both commercial and consumer clients across the southeastern United States. Its competitive edge lies in its strong regional presence, comprehensive financial offerings, and a balanced mix of traditional banking and mortgage services.
Offers commercial and consumer banking services, including deposit accounts, lending products, mortgage origination, and related financial services.
Generates revenue primarily through net interest income on loans and deposits, as well as fees from mortgage banking and ancillary financial services.
Serves businesses, professionals, and individual consumers across Tennessee, North Alabama, Southern Kentucky, and North Georgia, with a focus on regional markets.
Foolish take
Davis Asset Management clearly expects FB Financial's fortunes to turn. It appears it has made a value investment. It made a sizeable third-quarter purchase, making the investment over 1% of its equity assets.
Over the last year through Dec. 17, the stock returned 4.7%, trailing the S&P 500's 4.7%. However, FB Financial's stock price has gained momentum since April.
Typically, banks benefit from lower short-term interest rates. That's because they earn more money on the spread between short-term deposits and longer-term loans. While the Federal Reserve has enacted rate cuts, the future direction remains uncertain.
Meanwhile, FB Financial has been expanding, including acquiring Southern States Bancshares earlier this year.
Glossary
Assets Under Management (AUM): The total market value of investments managed by a fund or investment firm.
Position: The amount of a particular security or investment held by an investor or fund.
13F: A quarterly report filed by institutional investment managers disclosing their U.S. equity holdings.
Trailing Twelve Months (TTM): The 12-month period ending with the most recent quarterly report.
Forward Price-to-Earnings Ratio: A valuation metric comparing a company's current share price to its expected future earnings per share.
Dividend Yield: A financial ratio showing how much a company pays in dividends relative to its share price.
Market Value: The total value of a holding, calculated as shares owned multiplied by the current share price.
Stake: The ownership interest or amount of shares held in a company by an investor or fund.
Fund Holdings: The individual securities or investments owned by a fund at a given time.
Regional Bank Holding Company: A company that owns and controls one or more banks operating in a specific geographic region.
Net Interest Income: The difference between interest earned on loans and interest paid on deposits by a bank.
Mortgage Origination: The process of creating and issuing new mortgage loans to borrowers.
Where to invest $1,000 right now
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Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Meta Platforms. The Motley Fool recommends Western Alliance Bancorporation. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Davis Asset Management Loads Up FB Financial Shares

Fintel reports that on December 16, 2025, Mizuho initiated coverage of Chubb (NYSE:CB) with a Neutral recommendation.
Analyst Price Forecast Suggests 1.18% Upside
As of December 6, 2025, the average one-year price target for Chubb is $314.70/share. The forecasts range from a low of $272.32 to a high of $357.00. The average price target represents an increase of 1.18% from its latest reported closing price of $311.04 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Chubb is 46,431MM, a decrease of 21.09%. The projected annual non-GAAP EPS is 22.58.
What is the Fund Sentiment?
There are 2,935 funds or institutions reporting positions in Chubb. This is an decrease of 55 owner(s) or 1.84% in the last quarter. Average portfolio weight of all funds dedicated to CB is 0.47%, an increase of 3.30%. Total shares owned by institutions decreased in the last three months by 3.22% to 408,207K shares. The put/call ratio of CB is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
Berkshire Hathaway holds 31,333K shares representing 7.96% ownership of the company. In its prior filing, the firm reported owning 27,034K shares , representing an increase of 13.72%. The firm increased its portfolio allocation in CB by 8.77% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,248K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 12,100K shares , representing an increase of 1.20%. The firm decreased its portfolio allocation in CB by 13.36% over the last quarter.
Price T Rowe Associates holds 11,898K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 14,131K shares , representing a decrease of 18.77%. The firm decreased its portfolio allocation in CB by 22.53% over the last quarter.
GQG Partners holds 10,833K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 9,819K shares , representing an increase of 9.36%. The firm increased its portfolio allocation in CB by 16.05% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,579K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 10,355K shares , representing an increase of 2.12%. The firm decreased its portfolio allocation in CB by 12.92% over the last quarter.
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Mizuho Initiates Coverage of Chubb (CB) with Neutral Recommendation

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Financials ETF (Symbol: IYF) where we have detected an approximate $129.5 million dollar outflow -- that's a 3.0% decrease week over week (from 33,000,000 to 32,000,000). Among the largest underlying components of IYF, in trading today Chubb Ltd (Symbol: CB) is up about 1.3%, CME Group (Symbol: CME) is up about 0.6%, and Intercontinental Exchange Inc (Symbol: ICE) is lower by about 0.6%. For a complete list of holdings, visit the IYF Holdings page » The chart below shows the one year price performance of IYF, versus its 200 day moving average:
Looking at the chart above, IYF's low point in its 52 week range is $95.34 per share, with $130.50 as the 52 week high point — that compares with a last trade of $130.04. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable ETF Outflow Detected - IYF, CB, CME, ICE

Shares of Chubb Limited CB closed at $305.98 on Thursday, near its 52-week high of $308.31. This proximity underscores investor confidence. It has the ingredients for further price appreciation.
The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $286.99 and $283.90, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Image Source: Zacks Investment Research
With a market capitalization of $121.99 billion, the average volume of shares traded in the last three months was 1.8 million.
CB is an Outperformer
Shares of Chubb have gained 11.1% in the past year, outperforming its industry’s growth of 5.8%.
Image Source: Zacks Investment Research
CB’s Expensive Valuation
Shares of Chubb are trading at a premium compared with the Zacks Property and Casualty Insurance industry. Its forward price-to-book value of 1.55X is higher than the industry average of 1.48X.
Shares of The Travelers Companies, Inc. TRV, W.R. Berkley Corporation WRB, and Kinsale Capital Group, Inc. KNSL are trading at a multiple higher than the industry average.
CB’s Growth Projection Encourages
The Zacks Consensus Estimate for Chubb’s 2025 earnings per share indicates a year-over-year increase of 5.1%. The consensus estimate for revenues is pegged at $59.77 billion, implying a year-over-year improvement of 6.3%.
The consensus estimate for 2026 earnings per share and revenues indicates an increase of 8.9% and 6.5%, respectively, from the corresponding 2025 estimates.
Optimist Analyst Sentiment on CB
One of the 11 analysts covering the stock has raised estimates for 2025 and 2026 over the past 30 days. Thus, the Zacks Consensus Estimate for 2025 earnings has moved up 0.6% in the past 30 days, and for 2026, the same has moved north 0.2% in the same time frame.
Image Source: Zacks Investment Research
Target Price Reflects Potential Upside
Based on short-term price targets offered by 23 analysts, the Zacks average price target is $310.65 per share. The average indicates a potential 4.7% upside from the last closing price.
Image Source: Zacks Investment Research
Impressive Earnings Surprise History of CB
Chubb Limited’s bottom line surpassed earnings estimates in each of the last four quarters, the average being 13.37%.
CB’s Favorable Return on Capital
Return on equity in the trailing 12 months was 12.9%, better than the industry average of 8%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders.
Also, return on invested capital (ROIC) has been increasing over the last few quarters amid capital investments made over the same time frame. This reflects CB’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 8.5%, better than the industry average of 6.2%.
Factors Benefiting CB Stock
Chubb Limited remains focused on capitalizing on the potential of middle-market businesses (both domestic and international) as well as enhancing traditional core packages and specialty products for long-term growth. In its efforts to accelerate growth, Chubb Limited is also making strategic investments in various initiatives.
CB pursues strategic mergers and acquisitions to diversify its portfolio, add capabilities and synergies, and expand its geographic footprint. Recently, Chubb Limited agreed to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. Acquisitions have also improved premium revenues. Premiums should also benefit from commercial P&C rate increases, new business, and strong renewal retention. An impressive inorganic growth story helps to achieve a higher long-term return on equity.
Investment income should benefit from improved operating cash flow. Chubb Limited expects the Investment income run rate to continue to grow, as the company reinvests the cash flow at higher rates. Chubb Limited expects adjusted net investment income to be $1.775 billion in the fourth quarter and $1.81 billion in first-quarter 2026.
Chubb Limited has a strong capital position and sufficient cash-generation capabilities, which support wealth distribution to shareholders and growth initiatives.
Being a P&C insurer, CB is exposed to catastrophe events, which induce volatility in underwriting profitability and affect the combined ratio. Given the uncertainty surrounding the magnitude of cat loss, higher losses could drain earnings.
Also, Chubb’s leverage and times interest earned compare unfavorably with the industry.
Conclusion
Chubb Limited’s market-leading position, compelling portfolio, strong renewal retention, positive rate increases, solid capital position, and better return on capital pave the way for long-term growth.
The strong capital and liquidity position enable Chubb Limited to distribute wealth to its shareholders via share buybacks and dividend payouts. The company’s current dividend yield of 1.2% is better than the industry average of 0.2%. The recent 6.6% increase in dividends marks the 32nd straight year of dividend increase. Chubb Limited has a solid track record of dividend hikes, with the metric witnessing a 10-year CAGR of 3.8%. This makes the stock an attractive pick for investors looking for a safe and steady flow of cash.
However, given its premium valuation, we prefer to stay cautious on this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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