702 Shares in Chubb Limited $CB Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, Holdings Channel reports. The fund acquired 702 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds have also recently modified their holdings of the company. E Fund Management Co. Ltd. lifted its stake in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC boosted its holdings in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock worth $236,000 after buying an additional 38 shares in the last quarter. Sky Investment Group LLC lifted its holdings in shares of Chubb by 1.6% in the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after buying an additional 38 shares during the period. Finally, Evermay Wealth Management LLC boosted its stake in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after buying an additional 38 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE:CB opened at $281.86 on Friday. The firm’s fifty day simple moving average is $277.65 and its 200 day simple moving average is $280.91. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm has a market capitalization of $112.38 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.86 and a beta of 0.54.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.72 earnings per share. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio is 16.19%.

Analyst Ratings Changes

CB has been the subject of a number of recent analyst reports. Citigroup raised their target price on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday. UBS Group decreased their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $306.42.

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.