Chubb (CB) to Release Quarterly Earnings on Tuesday

Chubb (NYSE:CBGet Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 31st. Analysts expect the company to announce earnings of $4.22 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Chubb (NYSE:CBGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.15. Chubb had a return on equity of 11.89% and a net margin of 14.70%. The business had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.71 billion. During the same period last year, the business earned $2.64 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts expect Chubb to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Chubb Stock Performance

Shares of CB stock traded up $4.76 during trading on Tuesday, reaching $228.35. The company had a trading volume of 1,528,668 shares, compared to its average volume of 1,577,525. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s 50 day simple moving average is $218.80 and its two-hundred day simple moving average is $202.25. The company has a market capitalization of $94.78 billion, a PE ratio of 15.92, a PEG ratio of 1.28 and a beta of 0.68. Chubb has a one year low of $173.78 and a one year high of $230.27.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 16th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 15th. Chubb’s dividend payout ratio is currently 23.15%.

Analysts Set New Price Targets

Several brokerages have commented on CB. BMO Capital Markets began coverage on Chubb in a research report on Thursday, January 19th. They issued a “market perform” rating and a $225.00 price target on the stock. Raymond James lifted their price target on Chubb from $260.00 to $270.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 27th. Piper Sandler lifted their price target on Chubb from $225.00 to $230.00 in a research report on Tuesday, January 10th. Jefferies Financial Group cut Chubb from a “buy” rating to a “hold” rating and boosted their price objective for the company from $241.00 to $246.00 in a research report on Monday, January 9th. Finally, Citigroup boosted their price objective on Chubb from $209.00 to $229.00 in a research report on Wednesday, November 16th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.33.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 24,049 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $207.91, for a total value of $5,000,027.59. Following the sale, the chief executive officer now owns 570,622 shares of the company’s stock, valued at approximately $118,638,020.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $209.51, for a total value of $3,142,650.00. Following the transaction, the executive vice president now owns 45,117 shares of the company’s stock, valued at $9,452,462.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 24,049 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $207.91, for a total value of $5,000,027.59. Following the completion of the transaction, the chief executive officer now directly owns 570,622 shares in the company, valued at approximately $118,638,020.02. The disclosure for this sale can be found here. Insiders have sold a total of 70,786 shares of company stock valued at $14,975,790 in the last 90 days. 0.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC boosted its stake in Chubb by 6.2% in the first quarter. Penserra Capital Management LLC now owns 1,760 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 103 shares in the last quarter. Personal Capital Advisors Corp bought a new stake in shares of Chubb during the first quarter worth $366,000. Lumature Wealth Partners LLC raised its position in shares of Chubb by 227.6% during the first quarter. Lumature Wealth Partners LLC now owns 1,592 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 1,106 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Chubb during the first quarter worth $339,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Chubb during the first quarter worth $322,000. Institutional investors and hedge funds own 87.12% of the company’s stock.

About Chubb

(Get Rating)

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

See Also

Earnings History for Chubb (NYSE:CB)

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