Brokerages Anticipate Chubb Limited (NYSE:CB) to Announce $3.52 EPS

Equities analysts expect Chubb Limited (NYSE:CBGet Rating) to post earnings per share (EPS) of $3.52 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Chubb’s earnings. The lowest EPS estimate is $3.34 and the highest is $3.62. Chubb posted earnings of $2.52 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Chubb will report full-year earnings of $14.53 per share for the current fiscal year, with EPS estimates ranging from $13.50 to $15.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $16.10 per share, with EPS estimates ranging from $14.20 to $17.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Chubb.

Chubb (NYSE:CBGet Rating) last posted its quarterly earnings results on Tuesday, February 1st. The financial services provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.54. Chubb had a return on equity of 9.35% and a net margin of 20.41%. The business had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter last year, the company posted $3.18 earnings per share. Chubb’s quarterly revenue was up 9.6% on a year-over-year basis.

Several equities research analysts have issued reports on CB shares. Wells Fargo & Company raised their price objective on shares of Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 12th. JMP Securities raised their price objective on shares of Chubb from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Friday, January 14th. Argus raised their price objective on shares of Chubb from $210.00 to $230.00 in a research report on Thursday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $189.00 to $203.00 in a research report on Thursday, January 6th. Finally, Royal Bank of Canada lifted their price target on shares of Chubb from $230.00 to $239.00 and gave the company an “outperform” rating in a research report on Monday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Buy” and a consensus price target of $220.73.

In other Chubb news, Vice Chairman Paul J. Krump sold 17,258 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $201.74, for a total transaction of $3,481,628.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 610 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $205.97, for a total transaction of $125,641.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,666 shares of company stock valued at $8,709,616. Company insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CB. Norges Bank bought a new stake in shares of Chubb in the fourth quarter worth $581,220,000. Deutsche Bank AG grew its stake in shares of Chubb by 14.5% in the fourth quarter. Deutsche Bank AG now owns 3,072,425 shares of the financial services provider’s stock worth $593,931,000 after purchasing an additional 389,990 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Chubb by 1.3% in the third quarter. Wellington Management Group LLP now owns 28,179,660 shares of the financial services provider’s stock worth $4,888,607,000 after purchasing an additional 364,428 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Chubb by 12.7% in the third quarter. Goldman Sachs Group Inc. now owns 3,169,512 shares of the financial services provider’s stock worth $549,847,000 after purchasing an additional 358,034 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Chubb by 30.2% in the third quarter. Neuberger Berman Group LLC now owns 1,502,904 shares of the financial services provider’s stock worth $259,827,000 after purchasing an additional 348,808 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

CB stock traded down $5.43 during mid-day trading on Friday, hitting $206.10. 1,579,056 shares of the company were exchanged, compared to its average volume of 1,923,327. The business has a 50 day simple moving average of $208.89 and a 200-day simple moving average of $197.85. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $87.31 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.76. Chubb has a 1-year low of $155.78 and a 1-year high of $218.99.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 17th. This represents a $3.20 annualized dividend and a yield of 1.55%. Chubb’s dividend payout ratio is currently 16.61%.

About Chubb (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Earnings History and Estimates for Chubb (NYSE:CB)

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