Chubb (CB) Scheduled to Post Earnings on Tuesday

Chubb (NYSE:CB) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $5.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, analysts expect Chubb to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Stock Down 0.6 %

CB stock opened at $244.44 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $99.24 billion, a PE ratio of 11.20, a PEG ratio of 1.16 and a beta of 0.62. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The business’s 50 day simple moving average is $252.55 and its 200 day simple moving average is $233.47.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.41%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was 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 $33,902,208.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 valued at $29,766,694 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fairfield Bush & CO. bought a new stake in shares of Chubb during the first quarter valued at approximately $195,000. Roundview Capital LLC boosted its position in Chubb by 2.6% in the first quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Chubb by 59.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,134 shares during the last quarter. Brighton Jones LLC boosted its position in Chubb by 18.7% in the first quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Chubb by 22.0% in the first quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after purchasing an additional 27,926 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CB shares. Evercore ISI increased their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler reiterated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. Royal Bank of Canada increased their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley increased their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.37.

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.