Short Interest in Chubb Limited (NYSE:CB) Declines By 19.9%

Chubb Limited (NYSE:CB) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,850,000 shares, a decline of 19.9% from the November 15th total of 3,560,000 shares. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is currently 1.8 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently modified their holdings of the company. Triad Wealth Partners LLC purchased a new position in shares of Chubb during the second quarter valued at about $37,000. Blue Trust Inc. lifted its stake in shares of Chubb by 35.8% in the second quarter. Blue Trust Inc. now owns 2,908 shares of the financial services provider’s stock worth $754,000 after buying an additional 766 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Chubb by 17.7% in the second quarter. Brookstone Capital Management now owns 1,009 shares of the financial services provider’s stock worth $270,000 after buying an additional 152 shares in the last quarter. Everpar Advisors LLC bought a new position in shares of Chubb in the second quarter worth approximately $220,000. Finally, Raymond James & Associates lifted its stake in shares of Chubb by 2.9% in the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after buying an additional 87,059 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler lifted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned 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, the company has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Price Performance

Shares of NYSE CB opened at $276.09 on Monday. The firm’s 50-day simple moving average is $285.45 and its 200 day simple moving average is $276.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The stock has a market cap of $111.29 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last announced 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 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 firm earned $4.95 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Chubb will post 21.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

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.