Chubb Limited (NYSE:CB – Get Rating) – Research analysts at Jefferies Financial Group increased their Q2 2022 earnings per share estimates for shares of Chubb in a note issued to investors on Wednesday, April 27th. Jefferies Financial Group analyst Y. Kinar now expects that the financial services provider will earn $3.52 per share for the quarter, up from their previous estimate of $3.50. Jefferies Financial Group also issued estimates for Chubb’s FY2023 earnings at $17.25 EPS and FY2024 earnings at $18.70 EPS.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $189.00 to $203.00 in a report on Thursday, January 6th. Barclays boosted their price target on shares of Chubb from $244.00 to $250.00 in a report on Thursday. Raymond James boosted their price target on shares of Chubb from $240.00 to $250.00 in a report on Thursday. JMP Securities boosted their price target on shares of Chubb from $210.00 to $225.00 and gave the company a “market outperform” rating in a report on Friday, January 14th. Finally, Argus boosted their price target on shares of Chubb from $210.00 to $230.00 in a report on Thursday, February 10th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $221.80.
Chubb (NYSE:CB – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The financial services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.34. Chubb had a net margin of 20.41% and a return on equity of 9.35%. During the same quarter in the previous year, the business posted $2.52 EPS.
The company also recently announced 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. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 17th. Chubb’s dividend payout ratio is 16.61%.
In other news, Vice Chairman Paul J. Krump sold 17,258 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $201.74, for a total transaction of $3,481,628.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 22,436 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $215.00, for a total transaction of $4,823,740.00. The disclosure for this sale can be found here. In the last three months, 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 institutional investors and hedge funds have recently made changes to their positions in CB. Rosenberg Matthew Hamilton raised its position in shares of Chubb by 49.1% during the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock valued at $36,000 after buying an additional 55 shares during the last quarter. Selective Wealth Management Inc. raised its position in shares of Chubb by 92.0% during the fourth quarter. Selective Wealth Management Inc. now owns 192 shares of the financial services provider’s stock valued at $37,000 after buying an additional 92 shares during the last quarter. Shore Point Advisors LLC acquired a new position in shares of Chubb during the fourth quarter valued at about $39,000. Equitec Proprietary Markets LLC acquired a new position in shares of Chubb during the fourth quarter valued at about $46,000. Finally, Curi Wealth Management LLC bought a new stake in Chubb in the fourth quarter valued at about $49,000. 86.61% of the stock is owned by institutional investors and hedge funds.
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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