Chubb Limited (NYSE:CB) Short Interest Up 10.2% in April

Chubb Limited (NYSE:CB) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,600,000 shares, a growth of 10.2% from the March 31st total of 2,360,000 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,730,000 shares, the short-interest ratio is currently 1.5 days.

Insider Buying and Selling at Chubb

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

Hedge Funds Weigh In On Chubb

Several institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Chubb by 16.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after buying an additional 10,745 shares during the period. Prosperity Consulting Group LLC bought a new position in Chubb during the first quarter valued at about $240,000. Diversify Advisory Services LLC bought a new position in Chubb during the first quarter valued at about $445,000. Private Advisor Group LLC grew its position in Chubb by 9.2% during the first quarter. Private Advisor Group LLC now owns 10,603 shares of the financial services provider’s stock valued at $2,747,000 after buying an additional 893 shares during the period. Finally, Norden Group LLC bought a new position in Chubb during the first quarter valued at about $1,971,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.9 %

Shares of Chubb stock traded up $2.21 during trading on Wednesday, reaching $250.85. 604,683 shares of the company traded hands, compared to its average volume of 1,741,696. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50 day moving average price of $252.26 and a 200-day moving average price of $236.43. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The firm has a market capitalization of $101.86 billion, a PE ratio of 11.04, a P/E/G ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the company posted $4.41 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts expect that Chubb will post 21.18 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. Chubb’s payout ratio is 15.27%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CB. JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Royal Bank of Canada decreased their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Evercore ISI raised their target price on shares of Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Morgan Stanley raised their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.89.

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.