It Seems Chubb Limited (NYSE:CB) Will Go Down. Just Reported More Shorted Shares

September 17, 2017 - By Marie Mckinney

 It Seems Chubb Limited (NYSE:CB) Will Go Down. Just Reported More Shorted Shares

Investors sentiment decreased to 0.83 in Q4 2016. Its down 0.48, from 1.31 in 2016Q3. It dropped, as 6 investors sold Chubb Ltd shares while 6 reduced holdings. 2 funds opened positions while 8 raised stakes. 927,970 shares or 14.77% less from 1.09 million shares in 2016Q3 were reported.
Rowland & Company Invest Counsel Adv reported 0% stake. Connors Investor invested 1.68% of its portfolio in Chubb Ltd (NYSE:CB). Hudson Valley Investment Advsr Adv accumulated 21,854 shares. Eqis Capital Management invested in 6,049 shares or 0.05% of the stock. Jolley Asset Management Ltd Co invested in 0.05% or 500 shares. 263 are owned by Vantage Investment Advisors Ltd Liability Company. Parametric Lc accumulated 2,633 shares. Benedict Financial Advsr holds 1.28% in Chubb Ltd (NYSE:CB) or 16,812 shares. Penobscot Mgmt holds 42,482 shares. Covington Cap holds 0.99% of its portfolio in Chubb Ltd (NYSE:CB) for 84,871 shares. Axiom Limited Liability Corp De accumulated 364,265 shares or 1.37% of the stock. Gemmer Asset Ltd accumulated 202 shares. Woodley Farra Manion Portfolio Management owns 2.54% invested in Chubb Ltd (NYSE:CB) for 141,562 shares. 8,584 were reported by Fruth Management. The New York-based Cibc World Mkts Corp has invested 0.13% in Chubb Ltd (NYSE:CB).

The stock of Chubb Limited (NYSE:CB) registered an increase of 3.64% in short interest. CB’s total short interest was 3.29M shares in September as published by FINRA. Its up 3.64% from 3.17M shares, reported previously. With 1.25M 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 0.71%.

The stock increased 0.50% or $0.72 on September 15, reaching $143.51. About 2.31M shares traded or 36.69% up from the average. Chubb Ltd (NYSE:CB) has risen 10.92% since September 17, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance services and products to clients around the world. The company has market cap of $66.79 billion. The Company’s divisions include North America Commercial property and casualty Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It has a 12.61 P/E ratio. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management.

Chubb Ltd (NYSE:CB) Ratings Coverage

Among 19 analysts covering The Chubb Corporation (NYSE:CB), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Chubb Corporation had 36 analyst reports since July 24, 2015 according to SRatingsIntel. Cowen & Co maintained Chubb Ltd (NYSE:CB) on Friday, November 6 with “Outperform” rating. Deutsche Bank maintained it with “Hold” rating and $110 target in Friday, January 22 report. Raymond James maintained the stock with “Outperform” rating in Thursday, July 27 report. The firm has “Buy” rating given on Wednesday, October 28 by Tudor Pickering. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was upgraded by Credit Suisse on Wednesday, October 28 to “Outperform”. Citigroup initiated Chubb Ltd (NYSE:CB) on Friday, November 13 with “Buy” rating. The firm has “Buy” rating by Sterne Agee CRT given on Monday, September 21. The stock of Chubb Ltd (NYSE:CB) has “Neutral” rating given on Tuesday, November 15 by Goldman Sachs.

More notable recent Chubb Ltd (NYSE:CB) news were published by: Seekingalpha.com which released: “Chubb’s Q2 2017 Results: A Dividend Growth Supported By A Deep Underwriting …” on September 01, 2017, also Investorplace.com with their article: “3 Big Stock Charts for Tuesday: Allstate Corp (ALL), Chubb Ltd (CB) and …” published on August 29, 2017, Ft.com published: “US insurer Chubb sets out post-Brexit move to Paris” on September 11, 2017. More interesting news about Chubb Ltd (NYSE:CB) were released by: Businessinsurance.com and their article: “AIG taps former Chubb executive to lead risk management business” published on September 13, 2017 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts for Monday: Chubb Ltd (CB), Allstate Corp (ALL) and …” with publication date: September 11, 2017.

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