Chubb (NYSE:CB) Issues Earnings Results, Beats Estimates By $0.87 EPS

Key Points

• Chubb reported quarterly EPS of $7.66, beating analysts’ consensus estimate of $6.79 by $0.87. The company posted a 14.47% return on equity and an 18.10% net margin.
• Chubb shares rose 0.2% to $357.05, near the consensus analyst price target of $358.36. Analysts maintain a “Hold” consensus rating, with most ratings ranging from Buy to Hold.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 dividend and a 1.1% yield.

Chubb (NYSE:CB - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts' consensus estimates of $6.79 by $0.87, Zacks reports. Chubb had a return on equity of 14.47% and a net margin of 18.10%.

Chubb Stock Up 0.2%

Chubb stock traded up $0.78 during midday trading on Tuesday, hitting $357.05. 2,194,400 shares of the stock were exchanged, compared to its average volume of 1,707,460. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $137.75 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36. The business's 50-day moving average price is $340.62 and its 200-day moving average price is $336.68. Chubb has a 52-week low of $266.40 and a 52-week high of $365.91.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's payout ratio is 14.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler boosted their price objective on Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Wells Fargo & Company cut their target price on Chubb from $356.00 to $343.00 and set an "equal weight" rating on the stock in a report on Monday, October 12th. UBS Group lifted their price target on shares of Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Barclays set a $387.00 price target on shares of Chubb in a research note on Tuesday, July 7th. Finally, Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $358.36.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Connors sold 5,500 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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