Chubb Limited (NYSE:CB) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 21.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,442 shares of the financial services provider's stock after selling 9,640 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Chubb were worth $10,703,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Peoples Bank KS purchased a new stake in shares of Chubb during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb during the 1st quarter valued at about $25,000. North Capital Inc. purchased a new stake in shares of Chubb during the 1st quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter valued at about $29,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research note on Tuesday, May 20th. Barclays cut shares of Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $321.00 to $298.00 in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $306.00.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer directly owned 247,538 shares in the company, valued at $72,526,158.62. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,390 shares of company stock worth $29,163,135 in the last 90 days. Company insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded down $0.11 during midday trading on Tuesday, reaching $279.86. The company had a trading volume of 1,326,188 shares, compared to its average volume of 1,636,999. The business's 50-day simple moving average is $287.91 and its 200 day simple moving average is $282.20. The stock has a market cap of $112.15 billion, a P/E ratio of 13.47, a P/E/G ratio of 3.16 and a beta of 0.53. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 15.05% and a return on equity of 12.37%. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is 18.67%.

Chubb declared that its board has authorized a share repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Chubb 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.