Fidelis Capital Partners LLC Sells 110 Shares of Chubb Limited (NYSE:CB)

Fidelis Capital Partners LLC reduced its position in Chubb Limited (NYSE:CB) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,673 shares of the financial services provider’s stock after selling 110 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Chubb were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Continuum Advisory LLC lifted its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the third quarter valued at $29,000. Sierra Ocean LLC bought a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Performance

Chubb stock opened at $289.66 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market cap of $116.76 billion, a PE ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.67. The company’s 50-day moving average is $271.30 and its two-hundred day moving average is $279.99.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s payout ratio is presently 16.02%.

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.