Chubb Ltd (NYSE:CB) Sees Large Decline in Short Interest

Share on StockTwits

Chubb Ltd (NYSE:CB) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,480,000 shares, a decrease of 10.1% from the August 31st total of 2,760,000 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is presently 1.5 days.

In other news, Director Theodore Shasta sold 1,101 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $116.97, for a total value of $128,783.97. Following the completion of the transaction, the director now owns 16,873 shares in the company, valued at $1,973,634.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CB. Woodstock Corp increased its position in Chubb by 22.1% during the third quarter. Woodstock Corp now owns 26,880 shares of the financial services provider’s stock worth $3,121,000 after acquiring an additional 4,861 shares during the period. M&R Capital Management Inc. grew its stake in Chubb by 65.9% during the third quarter. M&R Capital Management Inc. now owns 3,475 shares of the financial services provider’s stock worth $403,000 after buying an additional 1,380 shares in the last quarter. Thomasville National Bank grew its stake in Chubb by 0.8% during the third quarter. Thomasville National Bank now owns 14,381 shares of the financial services provider’s stock worth $1,670,000 after buying an additional 108 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Chubb by 103.1% during the second quarter. Schonfeld Strategic Advisors LLC now owns 33,206 shares of the financial services provider’s stock worth $4,204,000 after buying an additional 16,858 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its stake in Chubb by 95.3% during the second quarter. FinTrust Capital Advisors LLC now owns 332 shares of the financial services provider’s stock worth $42,000 after buying an additional 162 shares in the last quarter. 87.10% of the stock is currently owned by institutional investors.

Shares of CB traded up $0.68 during trading hours on Friday, hitting $116.56. The company had a trading volume of 1,255,797 shares, compared to its average volume of 1,763,218. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.63 and a beta of 0.67. The business has a fifty day moving average of $121.73 and a 200-day moving average of $119.69. Chubb has a 12 month low of $87.35 and a 12 month high of $167.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.66) by $0.10. The company had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.80 billion. Chubb had a net margin of 6.10% and a return on equity of 5.98%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 earnings per share. On average, equities analysts expect that Chubb will post 7.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 17th. Chubb’s payout ratio is presently 30.86%.

CB has been the subject of several recent research reports. William Blair upgraded shares of Chubb from an “underperform” rating to a “market perform” rating in a report on Monday, July 20th. Evercore ISI upgraded shares of Chubb from an “in-line” rating to an “outperform” rating and set a $157.00 target price for the company in a report on Thursday, July 16th. Deutsche Bank reduced their target price on shares of Chubb from $138.00 to $135.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company restated a “buy” rating and set a $150.00 target price (up previously from $142.00) on shares of Chubb in a report on Monday, July 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $142.60.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Read More: Are all No-Load Funds Equal?

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply