Brokers Issue Forecasts for Chubb Limited’s Q2 2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities researchers at Roth Capital cut their Q2 2024 EPS estimates for Chubb in a report released on Wednesday, April 24th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings of $5.03 per share for the quarter, down from their prior estimate of $5.09. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q3 2025 earnings at $5.80 EPS and Q4 2025 earnings at $6.62 EPS.

Chubb (NYSE:CB) last posted its 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. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the company posted $4.41 earnings per share. Chubb’s quarterly revenue was up 14.1% compared to the same quarter last year.

Several other research analysts have also recently weighed in on the stock. Raymond James boosted their price objective on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Piper Sandler restated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. Citigroup restated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. UBS Group boosted their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Stock Performance

NYSE:CB opened at $245.38 on Friday. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58. The firm has a 50 day moving average of $252.33 and a 200-day moving average of $235.52. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $99.62 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62.

Institutional Investors Weigh In On Chubb

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in Chubb by 34.7% in the 3rd quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 280 shares during the period. CX Institutional grew its position in shares of Chubb by 3.2% during the 3rd quarter. CX Institutional now owns 2,653 shares of the financial services provider’s stock worth $552,000 after purchasing an additional 82 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Chubb by 5.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 115,338 shares of the financial services provider’s stock worth $24,011,000 after purchasing an additional 5,520 shares in the last quarter. Connecticut Wealth Management LLC grew its position in shares of Chubb by 18.1% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,780 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 580 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Chubb by 5.2% during the 3rd quarter. Ballentine Partners LLC now owns 7,447 shares of the financial services provider’s stock worth $1,550,000 after purchasing an additional 369 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,043 shares of company stock valued at $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. 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 payout ratio is presently 15.27%.

Chubb Company Profile

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.