Chubb Limited (NYSE:CB - Free Report) - Analysts at Zacks Research upped their Q1 2024 earnings estimates for Chubb in a research report issued on Tuesday, April 2nd. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $5.19 per share for the quarter, up from their prior estimate of $5.15. The consensus estimate for Chubb's current full-year earnings is $21.17 per share. Zacks Research also issued estimates for Chubb's Q2 2024 earnings at $5.33 EPS, Q3 2024 earnings at $4.64 EPS, Q4 2024 earnings at $5.60 EPS, FY2024 earnings at $20.75 EPS, Q1 2025 earnings at $5.07 EPS, Q3 2025 earnings at $7.12 EPS, Q4 2025 earnings at $7.05 EPS and FY2025 earnings at $21.64 EPS.
Several other equities analysts have also commented on CB. Royal Bank of Canada upped their price target on shares of Chubb from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Piper Sandler restated an "overweight" rating and set a $282.00 price target on shares of Chubb in a research report on Monday. StockNews.com upgraded shares of Chubb from a "hold" rating to a "buy" rating in a research report on Saturday, March 30th. UBS Group increased their target price on shares of Chubb from $245.00 to $256.00 and gave the company a "neutral" rating in a research report on Monday, February 5th. Finally, TD Cowen assumed coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 target price for the company. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $257.94.
Check Out Our Latest Stock Report on CB
Chubb Stock Performance
CB stock traded down $2.56 during trading on Thursday, hitting $252.23. 1,331,035 shares of the company's stock traded hands, compared to its average volume of 1,749,811. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a fifty day moving average price of $252.07 and a two-hundred day moving average price of $231.47. The stock has a market capitalization of $102.34 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $13.38 billion for the quarter, compared to analysts' expectations of $12.88 billion.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Rossmore Private Capital increased its position in shares of Chubb by 1.6% in the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider's stock worth $588,000 after purchasing an additional 41 shares during the period. MCF Advisors LLC increased its position in shares of Chubb by 4.2% in the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider's stock worth $237,000 after purchasing an additional 42 shares during the period. Angeles Investment Advisors LLC increased its position in shares of Chubb by 2.1% in the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider's stock worth $460,000 after purchasing an additional 42 shares during the period. AdvisorNet Financial Inc increased its position in shares of Chubb by 5.2% in the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider's stock worth $200,000 after purchasing an additional 44 shares during the period. Finally, Valley National Advisers Inc. increased its position in shares of Chubb by 0.9% in the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 44 shares during the period. Institutional investors own 83.81% of the company's stock.
Insider Buying and Selling at Chubb
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 sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business'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 transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.37% of the company's stock.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb's payout ratio is 15.76%.
Chubb Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Chubb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chubb wasn't on the list.
While Chubb currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
