Insiders Are Dumping These 5 Financial Stocks

This article presents an overview of Insiders Are Dumping These 5 Financial Stocks. For a detailed overview of such stocks, read our article, Insiders Are Dumping These 12 Financial Stocks.

5. Chubb Limited (NYSE:CB)

Number of Hedge Fund Investors: 37

Insurance company Chubb Limited (NYSE:CB) saw insider selling activity recently as Timothy Boroughs, Executive Vice President and Chubb Limited (NYSE:CB) Group’s and Chief Investment Officer, on March 20 sold 20,000 shares of Chubb Limited (NYSE:CB) at $258.86 per share. Since then the stock

Aristotle Atlantic Core Equity Strategy made the following comment about Chubb Limited (NYSE:CB) in its third quarter 2023 investor letter:

“Chubb Limited (NYSE:CB) contributed to outperformance due to sustained momentum across business units and global regions, a favorable property and casualty (P&C) rate environment and an attractive valuation with shares trading below historical averages. The company’s earnings report early in the quarter highlighted its underwriting and risk-assessment capabilities, with management projecting a continuation of what we believe are positive pricing trends through the remainder of this year.”