Chubb Limited $CB Stock Position Lowered by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its Chubb position by 5.2% in the third quarter, selling 3,029 shares and retaining 55,462 shares valued at approximately $18.0 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Chubb exceeded quarterly expectations, reporting $7.66 in earnings per share versus a roughly $6.77 consensus estimate and $16.20 billion in revenue versus $15.71 billion expected. The company also pays a quarterly dividend of $1.02, equivalent to a 1.1% yield.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and a $358.36 price target, while catastrophe losses and valuation concerns remain risks despite strong operating performance.

Crossmark Global Holdings Inc. reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,462 shares of the financial services provider's stock after selling 3,029 shares during the period. Crossmark Global Holdings Inc.'s holdings in Chubb were worth $18,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in Chubb in the 2nd quarter worth approximately $25,000. Parvin Asset Management LLC purchased a new position in Chubb in the 2nd quarter worth approximately $26,000. Highland Investment Advisors LLC purchased a new position in Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CB. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Chubb from a "buy (b)" rating to a "buy (a)" rating in a research report on Friday, October 16th. Atlantic Securities set a $301.00 target price on Chubb in a research note on Wednesday, July 15th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $333.00 price target on shares of Chubb in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $358.36.

Chubb Stock Performance

Chubb stock opened at $354.81 on Thursday. The firm has a 50 day simple moving average of $341.06 and a 200-day simple moving average of $337.07. Chubb Limited has a 1-year low of $272.20 and a 1-year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $136.89 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.77 by $0.89. The business had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.71 billion. Chubb had a net margin of 18.15% and a return on equity of 14.33%. During the same quarter last year, the firm earned $7.49 EPS. On average, analysts expect that Chubb Limited will post 27.72 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb's dividend payout ratio is currently 14.43%.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Connors sold 5,500 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company's stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company's stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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