Chubb Limited (NYSE:CB) Sees Significant Drop in Short Interest

Chubb Limited (NYSE:CB) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,360,000 shares, a decrease of 7.5% from the March 15th total of 2,550,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the company’s shares are sold short.

Insider Buying and Selling at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last quarter. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Americana Partners LLC acquired a new stake in shares of Chubb in the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC grew its holdings in shares of Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd grew its holdings in shares of Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares during the period. Graypoint LLC grew its holdings in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in shares of Chubb in the 4th quarter worth approximately $1,403,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

CB traded up $0.81 on Tuesday, hitting $245.25. 1,257,324 shares of the company traded hands, compared to its average volume of 1,718,459. The company has a 50 day moving average of $252.55 and a 200-day moving average of $233.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $99.57 billion, a PE ratio of 11.20, a PEG ratio of 1.16 and a beta of 0.62. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Sell-side analysts anticipate that Chubb will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Citigroup reiterated a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Royal Bank of Canada lifted their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. JMP Securities reiterated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday. Finally, Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Company Profile

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.