Chubb (NYSE:CB) Posts Quarterly Earnings Results

Chubb (NYSE:CB – Get Rating) posted its earnings results on Tuesday. The financial services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.34, MarketWatch Earnings reports. Chubb had a return on equity of 9.35% and a net margin of 20.41%. During the same quarter last year, the firm posted $2.52 EPS.

Shares of NYSE:CB traded up $7.60 on Wednesday, hitting $211.00. 96,378 shares of the company were exchanged, compared to its average volume of 1,914,413. Chubb has a 1-year low of $155.78 and a 1-year 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 stock’s 50 day moving average price is $208.93 and its 200 day moving average price is $198.34. The firm has a market capitalization of $89.39 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, March 18th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.52%. The ex-dividend date was Thursday, March 17th. Chubb’s payout ratio is 16.61%.

A number of analysts have recently weighed in on CB shares. Raymond James upped their target price on Chubb from $220.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Friday, February 4th. Morgan Stanley upped their target price on Chubb from $210.00 to $224.00 and gave the company an “equal weight” rating in a research report on Friday, February 4th. JMP Securities boosted their price target on Chubb from $210.00 to $225.00 and gave the stock a “market outperform” rating in a report on Friday, January 14th. Wells Fargo & Company boosted their price target on Chubb from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $189.00 to $203.00 in a report on Thursday, January 6th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $220.73.

In related news, insider John J. Lupica sold 22,436 shares of the stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $215.00, for a total transaction of $4,823,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Paul J. Krump sold 17,258 shares of the firm’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $201.74, for a total transaction of $3,481,628.92. The disclosure for this sale can be found here. Insiders have sold 41,666 shares of company stock valued at $8,709,616 in the last three months. Corporate insiders own 0.39% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heritage Wealth Advisors purchased a new position in shares of Chubb in the fourth quarter valued at $82,000. First Community Trust NA bought a new position in Chubb during the 4th quarter valued at $87,000. Salem Investment Counselors Inc. boosted its stake in Chubb by 13.3% during the 4th quarter. Salem Investment Counselors Inc. now owns 476 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 56 shares during the last quarter. Zullo Investment Group Inc. bought a new position in Chubb during the 4th quarter valued at $182,000. Finally, Crestwood Advisors Group LLC bought a new position in Chubb during the 4th quarter valued at $214,000. Institutional investors own 86.61% of the company’s stock.

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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