Fidelis Capital Partners LLC Has $1.04 Million Stake in Chubb Limited (NYSE:CB)

Fidelis Capital Partners LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,911 shares of the financial services provider’s stock after selling 293 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Chubb were worth $1,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new position in Chubb during the first quarter valued at approximately $25,000. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the fourth quarter worth about $29,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $290.66 on Monday. The stock has a market capitalization of $118.03 billion, a PE ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. The firm has a fifty day simple moving average of $275.87 and a 200 day simple moving average of $263.45. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.92 EPS. On average, research analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America increased their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $274.70.

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.