50,453 Shares in Chubb Limited (NYSE:CB) Acquired by Talbot Financial LLC

Talbot Financial LLC bought a new position in Chubb Limited (NYSE:CB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,453 shares of the financial services provider’s stock, valued at approximately $13,074,000. Chubb accounts for 1.7% of Talbot Financial LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the period. Capital World Investors raised its holdings in shares of Chubb by 0.4% in the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after purchasing an additional 43,845 shares during the period. Norges Bank bought a new stake in shares of Chubb in the 4th quarter valued at about $957,756,000. Raymond James & Associates raised its holdings in shares of Chubb by 2.6% in the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock valued at $701,301,000 after purchasing an additional 77,453 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its stake in Chubb by 0.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after buying an additional 24,323 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last quarter. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 price target on shares of Chubb in a research note on Friday. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Morgan Stanley increased their target price on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $266.70.

Chubb Stock Down 0.1 %

Shares of CB traded down $0.26 during trading hours on Monday, reaching $254.82. 1,204,998 shares of the stock traded hands, compared to its average volume of 1,683,813. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $259.30 and a 200 day simple moving average of $248.79. Chubb Limited has a 52 week low of $186.52 and a 52 week high of $275.41. The company has a market cap of $103.47 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the previous year, the firm posted $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.03 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.91 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is 16.16%.

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.