Crossmark Global Holdings Inc. Buys 23,054 Shares of Chubb Limited (NYSE:CB)

Crossmark Global Holdings Inc. boosted its stake in shares of Chubb Limited (NYSE:CB) by 104.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,082 shares of the financial services provider’s stock after purchasing an additional 23,054 shares during the period. Crossmark Global Holdings Inc.’s holdings in Chubb were worth $12,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in Chubb during the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the third quarter worth about $29,000. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the third quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock opened at $269.38 on Tuesday. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05. The stock has a market cap of $108.59 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $277.89 and a 200-day simple moving average of $278.49.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.93 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $288.17.

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.