Talaria Asset Management Pty Ltd Invests $15.80 Million in Chubb Limited (NYSE:CB)

Talaria Asset Management Pty Ltd purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 57,200 shares of the financial services provider's stock, valued at approximately $15,804,000. Chubb accounts for approximately 4.1% of Talaria Asset Management Pty Ltd's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds have also recently modified their holdings of CB. Barclays PLC increased its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares in the last quarter. California Public Employees Retirement System boosted its stake in Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after buying an additional 14,610 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Chubb by 94.4% in the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 2,340 shares in the last quarter. Vista Investment Partners II LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $2,442,000. Finally, Raymond James Financial Inc. acquired a new position in Chubb during the 4th quarter worth approximately $1,158,897,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Morgan Stanley lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Barclays cut their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $307.53.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $22,297,652.88. The trade was a 11.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 85,083 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $290.24, for a total value of $24,694,489.92. Following the completion of the sale, the chief operating officer now directly owns 237,728 shares in the company, valued at approximately $68,998,174.72. This represents a 26.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,553 shares of company stock valued at $43,257,220 in the last three months. Company insiders own 0.86% of the company's stock.

Chubb Stock Up 1.7%

Shares of CB traded up $4.94 during midday trading on Thursday, reaching $293.94. 1,749,020 shares of the stock were exchanged, compared to its average volume of 1,613,319. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The firm has a 50 day simple moving average of $287.88 and a 200-day simple moving average of $281.23. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $117.79 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, June 13th. Chubb's payout ratio is currently 18.67%.

Chubb announced that its board has authorized a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is 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.