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

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

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were 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 in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Institutional investors have recently bought and sold shares of the business. Americana Partners LLC bought a new stake in Chubb in the 3rd quarter valued at about $292,000. Lazard Asset Management LLC boosted its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd raised its position 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 valued at $120,235,000 after buying an additional 324,019 shares in the last quarter. Graypoint LLC raised its position 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 valued at $7,141,000 after buying an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at approximately $1,403,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock traded up $0.81 during midday trading on Tuesday, hitting $245.25. 1,257,324 shares of the company were exchanged, compared to its average volume of 1,718,459. The firm has a market capitalization of $99.57 billion, a P/E ratio of 11.20, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $252.55 and its two-hundred day moving average price is $233.47. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 18.11% and a return on equity of 16.45%. As a group, equities research analysts anticipate that Chubb will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on CB. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. HSBC reiterated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average target price 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.