Short Interest in Chubb Limited (NYSE:CB) Drops By 7.5%

Chubb Limited (NYSE:CB - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,360,000 shares, a decline of 7.5% from the March 15th total of 2,550,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the company's stock are sold short.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company's stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last 90 days. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently made changes to their positions in the business. Americana Partners LLC purchased a new stake in shares of Chubb in the 3rd quarter worth about $292,000. Lazard Asset Management LLC lifted its holdings in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock valued at $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its stake in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider's stock valued at $120,235,000 after acquiring an additional 324,019 shares during the last quarter. Graypoint LLC increased its stake in shares of Chubb by 1,275.7% during the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider's stock valued at $7,141,000 after acquiring an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter valued at about $1,403,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Raymond James boosted their price objective on shares of Chubb from $270.00 to $285.00 and gave the stock a "strong-buy" rating in a research report on Thursday, February 1st. Evercore ISI lifted their target price on shares of Chubb from $270.00 to $281.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. The Goldman Sachs Group lifted their target price on shares of Chubb from $228.00 to $254.00 and gave the company a "neutral" rating in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and issued a $280.00 target price on shares of Chubb in a report on Monday. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of "Moderate Buy" and an average target price of $266.37.

Chubb Price Performance

Shares of NYSE CB traded up $0.81 during trading on Tuesday, hitting $245.25. 1,257,329 shares of the company were exchanged, compared to its average volume of 1,718,459. The company has a market cap of $99.57 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.16 and a beta of 0.62. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58. The firm's fifty day moving average price is $252.50 and its 200 day moving average price is $233.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, sell-side analysts expect that Chubb will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb's dividend payout ratio is presently 15.76%.

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.