Cantor Fitzgerald Brokers Lift Earnings Estimates for Chubb

Key Points

• Cantor Fitzgerald has raised its FY2025 earnings per share estimate for Chubb to $22.73, up from the previous estimate of $22.31, while maintaining a "Hold" rating on the stock.
• Chubb's last quarterly earnings surpassed expectations, reporting $6.14 earnings per share, which was $0.30 above the consensus estimate of $5.84, with revenue of $14.20 billion compared to anticipated $12.53 billion.
• The company recently paid a quarterly dividend of $0.97 per share, translating to an annualized dividend of $3.88 and a yield of 1.4%.

Chubb Limited (NYSE:CB - Free Report) - Cantor Fitzgerald boosted their FY2025 earnings per share estimates for Chubb in a report released on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now forecasts that the financial services provider will post earnings per share of $22.73 for the year, up from their previous estimate of $22.31. Cantor Fitzgerald has a "Hold" rating on the stock. The consensus estimate for Chubb's current full-year earnings is $21.52 per share.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. During the same period in the previous year, the business posted $5.38 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year.

CB has been the subject of a number of other reports. Wolfe Research upgraded Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Chubb in a research note on Wednesday. UBS Group lowered their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Morgan Stanley cut their price objective on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, Hsbc Global Res downgraded shares of Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $306.82.

Chubb Trading Down 1.0%

Shares of NYSE CB opened at $284.13 on Friday. The stock has a market cap of $113.28 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54. The firm has a 50 day moving average price of $276.36 and a two-hundred day moving average price of $282.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently made changes to their positions in CB. Modern Wealth Management LLC increased its position in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after buying an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 130 shares during the period. Jump Financial LLC grew its stake in Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock valued at $2,470,000 after acquiring an additional 7,065 shares during the period. Legato Capital Management LLC increased its holdings in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock valued at $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. acquired a new position in shares of Chubb during the first quarter worth approximately $5,117,000. Institutional investors and hedge funds own 83.81% 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.

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