Aristotle Atlantic Partners LLC Sells 5,591 Shares of Chubb Limited (NYSE:CB)

Aristotle Atlantic Partners LLC reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,302 shares of the financial services provider's stock after selling 5,591 shares during the period. Aristotle Atlantic Partners LLC's holdings in Chubb were worth $24,674,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank boosted its stake in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC raised its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Chubb by 1.1% in the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after buying an additional 14,610 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after acquiring an additional 316 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.2 %

Shares of NYSE CB traded up $0.52 during midday trading on Monday, hitting $287.83. 1,004,022 shares of the stock traded hands, compared to its average volume of 1,627,291. The company has a market cap of $115.34 billion, a PE ratio of 12.67, a P/E/G ratio of 3.36 and a beta of 0.57. The business has a 50 day moving average price of $288.11 and a two-hundred day moving average price of $280.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a one year low of $249.90 and a one year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping the consensus estimate of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb's payout ratio is 17.52%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. Barclays lowered their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. UBS Group increased their price target on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and an average price target of $307.86.

About Chubb

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.