Chubb Limited (NYSE:CB) Short Interest Update

Chubb Limited (NYSE:CB) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 3,507,695 shares, a growth of 27.8% from the November 30th total of 2,744,036 shares. Based on an average daily volume of 2,171,971 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company’s stock are sold short. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 2,171,971 shares, the days-to-cover ratio is currently 1.6 days.

Chubb Trading Down 0.1%

Shares of NYSE CB opened at $314.08 on Wednesday. Chubb has a 12-month low of $252.16 and a 12-month high of $315.08. The company has a market cap of $123.61 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.59 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $296.29 and its 200 day simple moving average is $283.89.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the firm earned $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that Chubb will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 in the last quarter. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CB. Brighton Jones LLC grew its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $205,000. CreativeOne Wealth LLC bought a new stake in Chubb in the first quarter worth $245,000. Nomura Holdings Inc. boosted its stake in shares of Chubb by 2.8% during the 1st quarter. Nomura Holdings Inc. now owns 21,462 shares of the financial services provider’s stock worth $6,481,000 after acquiring an additional 582 shares in the last quarter. Finally, Quarry LP bought a new stake in Chubb during the first quarter worth approximately $46,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. Keefe, Bruyette & Woods upped their price target on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $309.00 target price on shares of Chubb in a report on Monday, October 27th. Morgan Stanley set a $310.00 price target on shares of Chubb in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $311.90.

About Chubb

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.