Chubb Ltd (NYSE:CB) Short Interest Down 14.2% in June

Chubb Ltd (NYSE:CB) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 6,467,000 shares, a decrease of 14.2% from the May 15th total of 7,540,100 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is currently 4.8 days.

A number of equities research analysts recently issued reports on the company. Barclays set a $34.00 price target on DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Finally, Atlantic Securities cut Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price for the company. in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Chubb presently has a consensus rating of “Hold” and a consensus target price of $148.90.

In other news, insider Paul J. Krump sold 3,450 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total value of $500,250.00. Following the transaction, the insider now owns 139,160 shares of the company’s stock, valued at $20,178,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 215,648 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $148.84, for a total value of $32,097,048.32. Following the completion of the transaction, the chief executive officer now directly owns 1,002,730 shares in the company, valued at approximately $149,246,333.20. The disclosure for this sale can be found here. Insiders have sold 342,146 shares of company stock worth $50,781,622 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of CB. Comerica Securities Inc. lifted its holdings in shares of Chubb by 45.3% during the fourth quarter. Comerica Securities Inc. now owns 7,343 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 2,290 shares during the last quarter. Portfolio Solutions LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $32,000. Pzena Investment Management LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $183,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Chubb by 3.5% during the fourth quarter. Tocqueville Asset Management L.P. now owns 36,844 shares of the financial services provider’s stock valued at $4,760,000 after purchasing an additional 1,229 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Chubb by 14.0% during the fourth quarter. AdvisorNet Financial Inc now owns 2,429 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 299 shares during the last quarter. 89.00% of the stock is currently owned by institutional investors.

Shares of CB opened at $149.37 on Friday. Chubb has a one year low of $119.54 and a one year high of $152.00. The firm has a market cap of $68.39 billion, a P/E ratio of 15.82, a PEG ratio of 1.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day moving average price of $148.54.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The business had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the firm earned $2.34 EPS. Equities research analysts predict that Chubb will post 10.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.01%. This is a boost from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio (DPR) is currently 31.78%.

About Chubb

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.

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