Zacks: Analysts Expect Chubb Limited (NYSE:CB) Will Post Quarterly Sales of $9.64 Billion

Analysts predict that Chubb Limited (NYSE:CB – Get Rating) will report $9.64 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Chubb’s earnings, with estimates ranging from $9.09 billion to $10.03 billion. Chubb posted sales of $9.57 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Chubb will report full-year sales of $42.23 billion for the current year, with estimates ranging from $39.45 billion to $44.03 billion. For the next financial year, analysts forecast that the business will report sales of $45.30 billion, with estimates ranging from $41.77 billion to $48.05 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Chubb.

Chubb (NYSE:CB – Get Rating) last issued its earnings results on Tuesday, February 1st. The financial services provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.27 by $0.54. The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Chubb had a net margin of 20.41% and a return on equity of 9.35%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.18 EPS.

CB has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. JMP Securities upped 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. Raymond James upped their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 4th. Barclays upped their price target on shares of Chubb from $236.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, April 12th. Finally, Morgan Stanley upped their price target on shares of Chubb from $210.00 to $224.00 and gave the company an “equal weight” rating in a research report on Friday, February 4th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $220.73.

In other Chubb news, Vice Chairman Paul J. Krump sold 17,258 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $201.74, for a total value of $3,481,628.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore Shasta sold 461 shares of the company’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $204.88, for a total transaction of $94,449.68. The disclosure for this sale can be found here. Insiders sold a total of 41,666 shares of company stock valued at $8,709,616 in the last ninety days. 0.39% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in shares of Chubb by 3.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,446 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 50 shares in the last quarter. Williams Jones Wealth Management LLC. grew its position in Chubb by 2.7% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,996 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 53 shares during the last quarter. Grimes & Company Inc. grew its position in Chubb by 2.8% during the 3rd quarter. Grimes & Company Inc. now owns 1,963 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 54 shares during the last quarter. Tdam USA Inc. grew its position in Chubb by 0.6% during the 3rd quarter. Tdam USA Inc. now owns 8,734 shares of the financial services provider’s stock valued at $1,515,000 after purchasing an additional 54 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Chubb by 1.1% during the 1st quarter. Private Trust Co. NA now owns 5,048 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Shares of NYSE:CB opened at $206.10 on Monday. The firm has a 50 day moving average of $208.89 and a 200-day moving average of $198.14. The stock has a market capitalization of $87.31 billion, a PE ratio of 10.70, a PEG ratio of 1.46 and a beta of 0.76. Chubb has a 12 month low of $155.78 and a 12 month high of $218.99. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 18th were paid a $0.80 dividend. The ex-dividend date was Thursday, March 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.55%. Chubb’s dividend payout ratio (DPR) is 16.61%.

Chubb Company Profile (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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