Appleton Partners Inc. MA Acquires 1,475 Shares of Chubb Limited (NYSE:CB)

Appleton Partners Inc. MA raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 124.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,659 shares of the financial services provider's stock after acquiring an additional 1,475 shares during the quarter. Appleton Partners Inc. MA's holdings in Chubb were worth $803,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $205,000. Bank Pictet & Cie Europe AG acquired a new stake in shares of Chubb in the fourth quarter valued at $1,320,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $30,000. Finally, Private Advisor Group LLC increased its stake in shares of Chubb by 13.3% in the fourth quarter. Private Advisor Group LLC now owns 18,745 shares of the financial services provider's stock valued at $5,179,000 after buying an additional 2,198 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh acquired 9,810 shares of the business's stock in a transaction dated Friday, June 6th. The shares were acquired at an average price of $292.99 per share, for a total transaction of $2,874,231.90. Following the acquisition, the chief operating officer now directly owns 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This trade represents a 4.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Chubb Trading Up 0.5%

Shares of Chubb stock traded up $1.46 during trading on Friday, hitting $283.61. 2,389,071 shares of the company were exchanged, compared to its average volume of 1,614,093. The firm has a market capitalization of $113.65 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 3.16 and a beta of 0.54. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The firm's fifty day moving average price is $287.89 and its 200 day moving average price is $281.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 12.37% and a net margin of 15.05%. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its board has authorized a stock buyback plan on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's payout ratio is presently 18.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Raymond James Financial restated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. UBS Group lifted their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

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.