Q3 2024 EPS Estimates for Chubb Limited (NYSE:CB) Lifted by Zacks Research

Chubb Limited (NYSE:CB) – Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for shares of Chubb in a research note issued on Tuesday, May 7th. Zacks Research analyst T. De now expects that the financial services provider will post earnings per share of $4.75 for the quarter, up from their previous forecast of $4.64. The consensus estimate for Chubb’s current full-year earnings is $21.18 per share. Zacks Research also issued estimates for Chubb’s Q4 2024 earnings at $5.63 EPS, FY2024 earnings at $21.11 EPS and FY2025 earnings at $22.44 EPS.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating 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 the consensus estimate of $11.75 billion. During the same period last year, the company earned $4.41 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Morgan Stanley upped their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Raymond James raised their price target on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. BMO Capital Markets upped their price objective on shares of Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. The Goldman Sachs Group increased their price objective on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $266.74.

Chubb Trading Up 1.0 %

Shares of NYSE:CB opened at $254.04 on Thursday. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $103.16 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a 50-day simple moving average of $251.81 and a 200 day simple moving average of $237.86.

Institutional Trading of Chubb

Institutional investors and hedge funds have recently made changes to their positions in the company. ZRC Wealth Management LLC acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in Chubb during the 4th quarter worth approximately $29,000. Wellington Shields Capital Management LLC acquired a new position in Chubb during the 1st quarter worth approximately $29,000. Tennessee Valley Asset Management Partners acquired a new position in Chubb during the 4th quarter worth approximately $32,000. Finally, Northwest Financial Advisors acquired a new position in Chubb during the 4th quarter worth approximately $33,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders sold 143,570 shares of company stock valued at $36,752,777 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.35%. 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.