Chubb Limited (NYSE:CB) Short Interest Update

Chubb Limited (NYSE:CB) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,240,000 shares, an increase of 22.3% from the February 28th total of 2,650,000 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 1.8 days.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several large investors have recently modified their holdings of CB. Demars Financial Group LLC raised its holdings in Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock worth $1,481,094,000 after buying an additional 5,340,499 shares during the last quarter. Norges Bank purchased a new position in shares of Chubb during the 4th quarter valued at $1,169,720,000. Raymond James Financial Inc. bought a new stake in Chubb during the fourth quarter worth about $1,158,897,000. Royal Bank of Canada lifted its holdings in shares of Chubb by 46.7% in the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider’s stock worth $1,217,392,000 after acquiring an additional 1,403,545 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter valued at $336,972,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $303.14.

Chubb Stock Performance

CB opened at $304.13 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $121.78 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The business has a fifty day simple moving average of $281.24 and a 200 day simple moving average of $281.74. Chubb has a 1 year low of $238.85 and a 1 year high of $305.73.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Research analysts expect that Chubb will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

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.