Aristotle Atlantic Partners LLC Sells 3,663 Shares of Chubb Limited $CB

Aristotle Atlantic Partners LLC trimmed its stake in Chubb Limited (NYSE:CB) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 109,477 shares of the financial services provider’s stock after selling 3,663 shares during the quarter. Chubb comprises 1.6% of Aristotle Atlantic Partners LLC’s holdings, making the stock its 16th biggest position. Aristotle Atlantic Partners LLC’s holdings in Chubb were worth $34,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Chubb during the fourth quarter valued at $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb during the fourth quarter valued at $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the third quarter valued at $31,000. Finally, Cherry Tree Wealth Management LLC lifted its holdings in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. Barclays lowered their target price on Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Piper Sandler upped their price target on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reduced their price target on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Keefe, Bruyette & Woods upped their price target on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $349.10.

Chubb Price Performance

NYSE:CB opened at $328.28 on Thursday. The firm has a market capitalization of $127.33 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.68 and a beta of 0.41. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The business has a 50 day simple moving average of $324.94 and a 200-day simple moving average of $319.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Equities analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.