Chubb Limited (NYSE:CB) Short Interest Down 7.5% in March

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CB. Keefe, Bruyette & Woods upped their price target on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Roth Mkm upped their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group upped their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CB. Rossmore Private Capital raised its holdings in shares of Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 41 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 42 shares during the last quarter. Angeles Investment Advisors LLC raised its holdings in shares of Chubb by 2.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 42 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares during the last quarter. Finally, Valley National Advisers Inc. increased its holdings in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 44 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.3 %

NYSE:CB traded up $0.81 during mid-day trading on Tuesday, hitting $245.25. 1,257,329 shares of the company’s stock were exchanged, compared to its average volume of 1,718,459. Chubb has a one year low of $183.71 and a one year high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average price of $252.55 and a 200 day moving average price of $233.47. The company has a market cap of $99.57 billion, a PE ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Equities analysts predict that Chubb will post 21.15 EPS for the current year.

Chubb Dividend Announcement

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

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.