Chubb Limited (NYSE:CB) Short Interest Update

Chubb Limited (NYSE:CB) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,130,000 shares, a growth of 11.4% from the December 15th total of 2,810,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is currently 2.0 days. Approximately 0.8% of the company’s shares are sold short.

Chubb Stock Down 1.5 %

CB stock opened at $269.38 on Monday. The stock has a market cap of $108.59 billion, a P/E ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $277.89 and its two-hundred day simple moving average is $278.32. Chubb has a 1-year low of $226.74 and a 1-year high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period last year, the business posted $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Chubb will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently bought and sold shares of CB. Continuum Advisory LLC raised its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter worth approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CB. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $288.17.

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.