Q2 2024 EPS Estimates for Chubb Limited (NYSE:CB) Decreased by Analyst

Chubb Limited (NYSE:CB) – Equities researchers at William Blair cut their Q2 2024 earnings estimates for Chubb in a report released on Wednesday, April 24th. William Blair analyst A. Klauber now expects that the financial services provider will post earnings per share of $5.30 for the quarter, down from their previous forecast of $5.47. The consensus estimate for Chubb’s current full-year earnings is $21.17 per share.

Several other equities research analysts also recently commented on CB. Piper Sandler reiterated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Roth Mkm reiterated a “buy” rating and issued a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price target on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.89.

Chubb Stock Down 0.2 %

CB stock opened at $245.45 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market capitalization of $99.65 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The firm has a 50 day moving average of $252.33 and a 200 day moving average of $235.88.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter last year, the firm earned $4.41 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in CB. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb during the 4th quarter worth about $29,000. ZRC Wealth Management LLC purchased a new position in Chubb during the fourth quarter worth about $29,000. EdgeRock Capital LLC acquired a new stake in shares of Chubb during the fourth quarter valued at about $35,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $32,000. Finally, Northwest Financial Advisors acquired a new position in shares of Chubb in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is currently 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.