Short Interest Buzzer: Can Chubb Limited (NYSE:CB)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 28, 2016 - By Darrin Black   ·   0 Comments

Short Interest Buzzer: Can Chubb Limited (NYSE:CB)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Chubb Limited (NYSE:CB) registered an increase of 2.97% in short interest. CB’s total short interest was 4.93M shares in November as published by FINRA. Its up 2.97% from 4.78M shares, reported previously. With 1.78M shares average volume, it will take short sellers 3 days to cover their CB’s short positions. The short interest to Chubb Limited’s float is 1.15%. About 1.03 million shares traded hands. Chubb Ltd (NYSE:CB) has risen 6.38% since April 25, 2016 and is uptrending. It has outperformed by 0.37% the S&P500.

Chubb Limited , formerly ACE Limited, is a holding company. The company has a market cap of $58.99 billion. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. It has a 16.94 P/E ratio. The Company’s divisions include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.46, from 0.85 in 2016Q1. The ratio is positive, as 15 funds sold all Chubb Ltd shares owned while 5 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 1.47 million shares or 9.32% less from 1.62 million shares in 2016Q1.
Moreover, Connors Investor Inc has 1.71% invested in Chubb Ltd (NYSE:CB) for 67,354 shares. The South Carolina-based Verity Verity Lc has invested 2.32% in Chubb Ltd (NYSE:CB). The California-based Eqis Cap Mngmt Inc has invested 0.02% in Chubb Ltd (NYSE:CB). Penobscot Invest owns 42,107 shares or 1.96% of their US portfolio. Benedict Inc accumulated 15,930 shares or 1.22% of the stock. Manchester Mgmt Limited Liability Company reported 1,264 shares or 0.02% of all its holdings. Janney Montgomery Scott Ltd Liability Company, a Pennsylvania-based fund reported 59,909 shares. Hudson Valley Advsrs Inc Adv reported 21,256 shares or 0.89% of all its holdings. The Ohio-based Cleararc Capital has invested 0.29% in Chubb Ltd (NYSE:CB). The Texas-based King Luther Cap Management Corp has invested 0.02% in Chubb Ltd (NYSE:CB). Gemmer Asset Limited Co accumulated 0.01% or 202 shares. Vantage Inv Advisors Limited Liability has invested 0.01% of its portfolio in Chubb Ltd (NYSE:CB). Tru Department Mb Bank N A accumulated 0.01% or 753 shares. Huntington Natl Bank has 160,567 shares for 0.4% of their US portfolio. Moreover, Budros Ruhlin Roe has 0.35% invested in Chubb Ltd (NYSE:CB) for 7,953 shares.

Chubb Ltd (NYSE:CB) Ratings Coverage

Out of 14 analysts covering The Chubb Corporation (NYSE:CB), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. The Chubb Corporation has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Janney Capital to “Buy” on Friday, July 24. The rating was maintained by Barclays Capital with “Overweight” on Thursday, September 3. The stock of Chubb Ltd (NYSE:CB) earned “Buy” rating by Sandler O’Neill on Wednesday, January 27. Sterne Agee CRT initiated Chubb Ltd (NYSE:CB) on Monday, September 21 with “Buy” rating. Tudor Pickering upgraded Chubb Ltd (NYSE:CB) on Wednesday, October 28 to “Buy” rating. Barclays Capital maintained Chubb Ltd (NYSE:CB) rating on Tuesday, October 20. Barclays Capital has “Overweight” rating and $45.0 price target. On Thursday, May 12 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was initiated by Citigroup on Tuesday, November 22 with “Buy”. RBC Capital Markets maintained Chubb Ltd (NYSE:CB) on Thursday, January 28 with “Outperform” rating. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, October 28 report.

CB Company Profile

The Chubb Corporation, incorporated in June 1967, is a holding firm for separately organized, property and casualty insurance companies referred to as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group underwrites property and casualty insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance. For the year ended December 31, 2014, Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance represented 36%, 43% and 21%, respectively, of the Company’s total net premiums written.

More notable recent Chubb Ltd (NYSE:CB) news were published by: Reuters.com which released: “BRIEF-Chubb Ltd says board amended organizational regulations of Chubb Lim…” on November 21, 2016, also Insurancejournal.com with their article: “‘New Chubb’ Opens as Giant ACE, Chubb Merger to Close” published on January 14, 2016, Reuters.com published: “BRIEF-Chubb Ltd board declares quarterly dividend and authorizes share rep…” on November 17, 2016. More interesting news about Chubb Ltd (NYSE:CB) were released by: Investorplace.com and their article: “Chubb Ltd (CB): A Conservative Dividend Grower in the Insurance Industry” published on February 20, 2016 as well as Seekingalpha.com‘s news article titled: “Chubb (CB) Q3 2016 Results – Earnings Call Transcript” with publication date: October 26, 2016.

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By Darrin Black

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