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

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

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after acquiring an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Chubb by 102,751.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after acquiring an additional 8,281,754 shares during the last quarter. Norges Bank purchased a new stake in Chubb in the 4th quarter valued at about $957,756,000. 1832 Asset Management L.P. raised its holdings in Chubb by 1,476.9% in the 4th quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider’s stock valued at $220,466,000 after buying an additional 936,015 shares during the period. Finally, Legal & General Group Plc raised its holdings in Chubb by 25.0% in the 4th quarter. Legal & General Group Plc now owns 3,597,558 shares of the financial services provider’s stock valued at $813,049,000 after buying an additional 718,535 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. Citigroup reaffirmed a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Evercore ISI lifted 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. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, The Goldman Sachs Group lifted their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday. Nine research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

CB traded up $0.81 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 fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $252.55 and a 200-day moving average price of $233.47. The stock has a market cap of $99.57 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (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 company had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. As a group, equities analysts anticipate that Chubb will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. 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.