Chubb Limited $CB Shares Bought by Talbot Financial LLC

Talbot Financial LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,481 shares of the financial services provider’s stock after buying an additional 4,013 shares during the quarter. Chubb comprises about 1.6% of Talbot Financial LLC’s portfolio, making the stock its 22nd biggest holding. Talbot Financial LLC’s holdings in Chubb were worth $19,329,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CB. 1248 Management LLC purchased a new stake in Chubb during the 1st quarter valued at about $31,000. VSM Wealth Advisory LLC purchased a new position in Chubb in the 2nd quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $33,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb in the third quarter valued at approximately $34,000. Finally, Maseco LLP acquired a new stake in shares of Chubb in the second quarter valued at approximately $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 0.6%

Chubb stock opened at $311.01 on Friday. The company has a market capitalization of $122.40 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 3.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $313.46. The firm has a 50 day moving average price of $290.28 and a 200 day moving average price of $282.78.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the firm earned $5.72 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the transaction, the executive vice president owned 12,660 shares of the company’s stock, valued at $3,749,512.20. This trade represents a 45.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 in the last three months. 0.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Citigroup upped their price objective on shares of Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $311.90.

About Chubb

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.