Talbot Financial LLC Has $16.18 Million Stock Position in Chubb Limited (NYSE:CB)

Talbot Financial LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 0.2% during the 1st quarter, HoldingsChannel reports. The fund owned 53,583 shares of the financial services provider’s stock after selling 83 shares during the quarter. Chubb accounts for about 2.0% of Talbot Financial LLC’s investment portfolio, making the stock its 17th largest holding. Talbot Financial LLC’s holdings in Chubb were worth $16,181,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CB. Demars Financial Group LLC boosted its stake in shares of Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares during the last quarter. Norges Bank acquired a new position in Chubb in the fourth quarter valued at approximately $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb in the fourth quarter valued at approximately $1,158,897,000. GAMMA Investing LLC grew its holdings in Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider’s stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Chubb by 46.7% during the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider’s stock valued at $1,217,392,000 after acquiring an additional 1,403,545 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CB shares. Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company increased their target price on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.53.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 85,083 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the transaction, the chief operating officer now owns 237,728 shares in the company, valued at $68,998,174.72. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,553 shares of company stock valued at $43,257,220. 0.86% of the stock is owned by insiders.

Chubb Stock Up 1.1%

Chubb stock opened at $297.34 on Friday. The company has a 50 day moving average of $288.05 and a 200-day moving average of $281.41. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The stock has a market capitalization of $119.15 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, June 13th. This is an increase from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.30%. Chubb’s dividend payout ratio (DPR) is presently 18.67%.

Chubb declared that its board has authorized a share buyback plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Chubb Company 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.