Chubb (NYSE:CB – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34, Briefing.com reports. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.92 EPS.
Chubb Trading Up 0.6 %
NYSE:CB opened at $261.65 on Friday. Chubb has a 1 year low of $198.10 and a 1 year high of $275.41. The stock’s fifty day moving average price is $262.11 and its two-hundred day moving average price is $253.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.36 and a quick ratio of 0.29. The company has a market cap of $106.24 billion, a P/E ratio of 11.61, a P/E/G ratio of 6.08 and a beta of 0.66.
Chubb Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.39%. Chubb’s payout ratio is presently 16.16%.
Insider Activity
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on CB. Roth Mkm boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI boosted 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. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $270.05.
Get Our Latest Report on Chubb
Chubb Company Profile
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.
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