Talbot Financial LLC Grows Holdings in Chubb Limited (NYSE:CB)

Talbot Financial LLC lifted its stake in Chubb Limited (NYSE:CB) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,450 shares of the financial services provider’s stock after acquiring an additional 1,297 shares during the quarter. Chubb accounts for 1.8% of Talbot Financial LLC’s investment portfolio, making the stock its 21st largest position. Talbot Financial LLC’s holdings in Chubb were worth $15,126,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Brookstone Capital Management boosted its holdings in Chubb by 25.0% during the 3rd quarter. Brookstone Capital Management now owns 1,261 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 252 shares during the period. Olistico Wealth LLC lifted its position in shares of Chubb by 22.5% during the third quarter. Olistico Wealth LLC now owns 1,089 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 200 shares in the last quarter. Country Trust Bank lifted its position in shares of Chubb by 2.6% during the third quarter. Country Trust Bank now owns 149,426 shares of the financial services provider’s stock worth $43,093,000 after purchasing an additional 3,810 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Chubb by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 4,500 shares of the financial services provider’s stock valued at $1,298,000 after purchasing an additional 285 shares during the period. Finally, Boit C F David grew its holdings in shares of Chubb by 5.2% in the third quarter. Boit C F David now owns 16,165 shares of the financial services provider’s stock valued at $4,709,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $279.96 on Wednesday. Chubb Limited has a 12 month low of $205.64 and a 12 month high of $294.18. The firm has a market capitalization of $113.68 billion, a P/E ratio of 12.43, a P/E/G ratio of 5.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average price is $281.35 and its 200 day moving average price is $266.01.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.92 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $280.22.

Insider Activity

In related news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

Chubb Profile

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.