Chubb Limited (NYSE:CB) Short Interest Update

Chubb Limited (NYSE:CB) was the recipient of a large growth in short interest during the month of 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. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 2,171,971 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 2,171,971 shares, the short-interest ratio is currently 1.6 days. Currently, 0.9% of the company’s stock are short sold.

Chubb Stock Performance

CB opened at $312.25 on Thursday. Chubb has a 1-year low of $252.16 and a 1-year high of $315.08. The stock has a market cap of $122.89 billion, a P/E ratio of 13.03, a P/E/G ratio of 3.59 and a beta of 0.51. The stock’s 50 day simple moving average is $297.00 and its 200 day simple moving average is $284.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.72 earnings per share. As a group, equities analysts anticipate that Chubb will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,333 shares of company stock valued at $16,629,873 in the last ninety days. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its position in shares of Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the last quarter. Norges Bank purchased a new position in Chubb during the second quarter worth $1,195,137,000. AQR Capital Management LLC raised its holdings in shares of Chubb by 75.1% in the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after acquiring an additional 1,199,963 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Chubb in the third quarter valued at $220,217,000. Finally, Amundi lifted its position in shares of Chubb by 55.4% in the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after acquiring an additional 693,740 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CB. Evercore ISI upped their price objective on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. HSBC raised their target price on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Wolfe Research boosted their price target on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. BMO Capital Markets reissued a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday, October 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $311.90.

Chubb Company Profile

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.