Chubb (NYSE:CB) Releases Earnings Results, Beats Expectations By $0.12 EPS

Chubb (NYSE:CB) released its earnings results on Tuesday. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12, Briefing.com reports. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.41 earnings per share.

Chubb Price Performance

CB stock traded down $9.85 during midday trading on Wednesday, reaching $240.03. The stock had a trading volume of 1,202,280 shares, compared to its average volume of 1,722,646. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. 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 company’s fifty day simple moving average is $252.64 and its 200 day simple moving average is $235.15. The company has a market cap of $97.45 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Chubb Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.43%. Chubb’s payout ratio is currently 15.76%.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Raymond James increased their price target 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 reissued an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. UBS Group boosted their price target on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Finally, Wells Fargo & Company boosted their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated 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 transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chubb 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 value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company’s 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 sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. Company insiders own 0.86% of the company’s stock.

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.