4,861 Shares in Chubb Limited (NYSE:CB) Acquired by Minot DeBlois Advisors LLC

Minot DeBlois Advisors LLC purchased a new position in Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,861 shares of the financial services provider's stock, valued at approximately $1,343,000. Chubb accounts for 1.2% of Minot DeBlois Advisors LLC's investment portfolio, making the stock its 25th biggest position.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Human Investing LLC bought a new position in shares of Chubb during the fourth quarter worth $36,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Chubb during the fourth quarter worth $37,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Keefe, Bruyette & Woods dropped their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company upped their target price on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. UBS Group upped their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Barclays lowered their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, HSBC upgraded shares of 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Chubb presently has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Chubb Trading Up 0.7%

Shares of CB traded up $2.14 during midday trading on Friday, hitting $294.19. The stock had a trading volume of 1,402,309 shares, compared to its average volume of 1,625,007. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The firm has a market cap of $117.89 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock's 50 day moving average is $288.37 and its 200 day moving average is $280.64.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.32%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date is Friday, June 13th. Chubb's dividend payout ratio is presently 17.52%.

Chubb announced that its board has approved a share repurchase program on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% 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, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. Corporate insiders own 0.77% of the company's stock.

Chubb 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.