Fidelis Capital Partners LLC Has $696,000 Holdings in Chubb Limited (NYSE:CB)

Fidelis Capital Partners LLC increased its holdings in Chubb Limited (NYSE:CB) by 76.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,078 shares of the financial services provider’s stock after acquiring an additional 1,336 shares during the period. Fidelis Capital Partners LLC’s holdings in Chubb were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. boosted its holdings in Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after buying an additional 102 shares during the period. BOK Financial Private Wealth Inc. bought a new position in Chubb in the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new position in Chubb in the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Chubb in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.0 %

Shares of NYSE CB traded up $2.39 during midday trading on Friday, reaching $247.78. The company had a trading volume of 218,354 shares, compared to its average volume of 1,697,326. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $252.45 and its 200-day moving average price is $233.88. The stock has a market cap of $100.60 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. On average, equities research analysts anticipate that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. TD Cowen started coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target for the company. Citigroup restated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. UBS Group boosted their target price on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Raymond James boosted their target price on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last quarter. 0.86% of the stock is owned by company insiders.

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.