Short Interest in Chubb Limited (NYSE:CB) Increases By 11.4%

Chubb Limited (NYSE:CB) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 3,130,000 shares, an increase 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 days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the company’s stock are short sold.

Chubb Stock Performance

Shares of CB traded down $4.15 during mid-day trading on Friday, hitting $269.38. The stock had a trading volume of 1,901,890 shares, compared to its average volume of 1,385,455. Chubb has a fifty-two week low of $226.74 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $108.59 billion, a PE ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. The company’s fifty day simple moving average is $277.89 and its two-hundred day simple moving average is $278.16.

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

Chubb Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Oklahoma raised its stake in shares of Chubb by 2.1% during the fourth quarter. Trust Co. of Oklahoma now owns 5,654 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 119 shares in the last quarter. Avior Wealth Management LLC increased its stake in Chubb by 2.3% during the 4th quarter. Avior Wealth Management LLC now owns 4,412 shares of the financial services provider’s stock valued at $1,219,000 after buying an additional 98 shares during the period. Beacon Investment Advisory Services Inc. bought a new stake in shares of Chubb during the 4th quarter worth about $718,000. Mutual Advisors LLC lifted its stake in shares of Chubb by 25.5% in the 4th quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 421 shares during the period. Finally, Echo45 Advisors LLC lifted its stake in shares of Chubb by 5.8% in the 4th quarter. Echo45 Advisors LLC now owns 964 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 53 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $288.17.

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.