Aristotle Atlantic Partners LLC Decreases Stock Holdings in Chubb Limited $CB

Aristotle Atlantic Partners LLC lowered its holdings in Chubb Limited (NYSE:CB) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 113,140 shares of the financial services provider’s stock after selling 5,511 shares during the quarter. Chubb comprises approximately 0.9% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 28th largest holding. Aristotle Atlantic Partners LLC’s holdings in Chubb were worth $31,934,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb in the 4th quarter valued at $205,000. Woodline Partners LP raised its position in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC raised its position in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Chubb by 259.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,165 shares of the financial services provider’s stock worth $1,496,000 after purchasing an additional 3,730 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Evercore upped their target price on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. Cantor Fitzgerald upped their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Piper Sandler increased their price objective on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $350.00 price objective on shares of Chubb in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Trading Down 0.1%

Shares of CB opened at $329.24 on Friday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock has a 50-day moving average price of $319.55 and a 200 day moving average price of $299.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $128.45 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.06 and a beta of 0.46.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the business earned $6.02 EPS. Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by insiders.

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.