Chubb Limited (NYSE:CB) Forecasted to Earn Q3 2024 Earnings of $4.65 Per Share

Chubb Limited (NYSE:CB) – Investment analysts at Roth Capital decreased their Q3 2024 earnings per share estimates for shares of Chubb in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings of $4.65 per share for the quarter, down from their previous estimate of $4.74. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.76 EPS, Q1 2025 earnings at $6.01 EPS, Q2 2025 earnings at $5.87 EPS and FY2025 earnings at $24.30 EPS.

A number of other equities research analysts have also issued reports on the company. Roth Mkm restated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research report on Wednesday. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen started coverage on Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Finally, UBS Group upped their price objective on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.89.

Chubb Price Performance

CB stock opened at $245.99 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $252.44 and a 200-day simple moving average of $235.28. The firm has a market capitalization of $99.87 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.74% and a net margin of 17.99%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.41 earnings per share.

Institutional Trading of Chubb

Several hedge funds have recently modified their holdings of the stock. ZRC Wealth Management LLC purchased a new position in Chubb in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new position in Chubb in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new position in Chubb in the fourth quarter valued at $32,000. Northwest Financial Advisors purchased a new position in Chubb in the fourth quarter valued at $33,000. Finally, Naples Money Management LLC purchased a new position in Chubb in the fourth quarter valued at $34,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.27%.

About Chubb

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