Aristotle Atlantic Partners LLC Sells 3,650 Shares of Chubb Limited $CB

Aristotle Atlantic Partners LLC trimmed its position in Chubb Limited (NYSE:CB) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,827 shares of the financial services provider’s stock after selling 3,650 shares during the quarter. Chubb makes up 1.6% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 17th biggest position. Aristotle Atlantic Partners LLC’s holdings in Chubb were worth $34,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC lifted its position in Chubb by 148.5% during the 4th 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 during the period. Frazier Financial Advisors LLC grew its position 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 buying an additional 38 shares during the period. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb during the first quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb in the fourth quarter valued at approximately $32,000. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and raised their price objective for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Barclays set a $387.00 price target on Chubb in a research note on Tuesday, July 7th. Wolfe Research raised their price target on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Wells Fargo & Company decreased their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price objective 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $360.09.

Chubb Stock Up 1.8%

Shares of NYSE CB opened at $359.78 on Friday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. The stock has a market cap of $139.55 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.80 and a beta of 0.40. The firm has a 50 day moving average price of $335.55 and a 200 day moving average price of $327.09.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $16.01 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. Analysts expect that Chubb Limited will post 27.15 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $1.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is currently 14.43%.

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.