Chubb Limited (NYSE:CB) Sees Large Growth in Short Interest

Chubb Limited (NYSE:CB) was the recipient of a significant growth in short interest in 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. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CB. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after buying an additional 130,629 shares during the period. Czech National Bank boosted its holdings in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC grew its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new position in shares of Chubb during the third quarter worth approximately $721,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 1.5 %

Shares of NYSE CB traded down $4.15 during mid-day trading on Monday, hitting $269.38. The company had a trading volume of 1,901,890 shares, compared to its average volume of 1,385,455. 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 firm has a 50-day simple moving average of $277.89 and a two-hundred day simple moving average of $278.49. The company has a market capitalization of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. Chubb has a one year low of $226.74 and a one year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating 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 firm 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 company earned $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Chubb will post 21.93 EPS for the current year.

Chubb Dividend Announcement

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

Analysts Set New Price Targets

CB has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target 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.