Chubb (NYSE:CB) Announces Quarterly Earnings Results

Chubb (NYSE:CB) 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

In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction dated 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 owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. 0.86% of the stock is owned by corporate insiders.

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.

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.