William Blair Analysts Boost Earnings Estimates for Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB - Free Report) - Investment analysts at William Blair raised their Q3 2024 earnings per share estimates for shares of Chubb in a research note issued to investors on Wednesday, April 24th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $4.77 per share for the quarter, up from their previous forecast of $4.68. The consensus estimate for Chubb's current full-year earnings is $21.32 per share. William Blair also issued estimates for Chubb's Q4 2024 earnings at $5.97 EPS, Q1 2025 earnings at $5.99 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.12 EPS and Q4 2025 earnings at $6.56 EPS.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business's revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.41 EPS.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective on Chubb from $228.00 to $254.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. JMP Securities reiterated a "market outperform" rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. BMO Capital Markets lifted their price target on Chubb from $220.00 to $240.00 and gave the company a "market perform" rating in a report on Monday, February 5th. Piper Sandler restated an "overweight" rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Finally, TD Cowen assumed coverage on Chubb in a report on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $266.89.

Chubb Price Performance

Shares of NYSE:CB traded down $0.58 during midday trading on Friday, hitting $245.38. 1,565,889 shares of the stock were exchanged, compared to its average volume of 1,748,837. The stock has a market cap of $99.62 billion, a P/E ratio of 10.92, a PEG ratio of 1.14 and a beta of 0.62. The company has a 50 day moving average price of $252.44 and a 200-day moving average price of $235.28. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Chubb

Several hedge funds have recently modified their holdings of CB. Wellington Management Group LLP increased its position in Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider's stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider's stock valued at $3,355,762,000 after acquiring an additional 13,059,385 shares during the last quarter. Capital World Investors increased its holdings in shares of Chubb by 0.4% during the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider's stock valued at $2,330,272,000 after acquiring an additional 43,845 shares during the last quarter. Norges Bank acquired a new position in shares of Chubb during the 4th quarter valued at about $957,756,000. Finally, Northern Trust Corp increased its holdings in shares of Chubb by 2.3% during the 3rd quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider's stock valued at $878,815,000 after acquiring an additional 93,885 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company's stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company's stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb's payout ratio is currently 15.27%.

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.