Talbot Financial LLC Increases Stock Position in Chubb Limited $CB

Key Points

• Talbot Financial LLC increased its stake in Chubb Limited by 20.3%, resulting in ownership of 64,468 shares valued at approximately $18.7 million.
• Chubb recently reported $6.14 EPS for the quarter, exceeding expectations and reflecting a 6.3% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.97, translating to an annualized yield of 1.4% for shareholders.

Talbot Financial LLC boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 20.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,468 shares of the financial services provider's stock after purchasing an additional 10,885 shares during the quarter. Chubb comprises approximately 1.8% of Talbot Financial LLC's holdings, making the stock its 20th largest holding. Talbot Financial LLC's holdings in Chubb were worth $18,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GQG Partners LLC raised its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after buying an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chubb during the 1st quarter valued at about $562,221,000. Demars Financial Group LLC raised its position in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after buying an additional 878,177 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider's stock valued at $205,491,000 after buying an additional 629,822 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. Weiss Ratings restated a "buy (b)" rating on shares of Chubb in a research report on Saturday, September 27th. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and decreased their target price for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a report on Wednesday, August 13th. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Finally, Citigroup started coverage on shares of Chubb in a report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $303.24.

Chubb Price Performance

Shares of CB stock opened at $283.99 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. The company's 50-day simple moving average is $274.76 and its two-hundred day simple moving average is $282.15. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.38 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb's dividend payout ratio is currently 17.12%.

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.

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