Q2 2024 EPS Estimates for Chubb Limited (NYSE:CB) Lowered by Analyst

Chubb Limited (NYSE:CB - Free Report) - William Blair dropped their Q2 2024 earnings per share (EPS) estimates for shares of Chubb in a research report issued to clients and investors on Wednesday, April 24th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $5.30 per share for the quarter, down from their previous forecast of $5.47. The consensus estimate for Chubb's current full-year earnings is $21.17 per share.

A number of other research firms also recently commented on CB. Piper Sandler reiterated an "overweight" rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on Chubb from $253.00 to $266.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their target price on Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on Chubb from $258.00 to $260.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chubb currently has a consensus rating of "Moderate Buy" and an average target price of $266.89.

Chubb Stock Up 1.5 %

Shares of NYSE:CB traded up $3.77 during mid-day trading on Monday, hitting $249.22. 2,182,981 shares of the company traded hands, compared to its average volume of 1,754,563. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The firm's 50 day simple moving average is $252.33 and its 200 day simple moving average is $235.88. The firm has a market cap of $101.18 billion, a P/E ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62.

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

Institutional Investors Weigh In On Chubb

Several large investors have recently modified their holdings of the stock. ZRC Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Chubb in the fourth quarter worth approximately $32,000. Northwest Financial Advisors purchased a new position in shares of Chubb in the fourth quarter worth approximately $33,000. Finally, Naples Money Management LLC acquired a new stake in shares of Chubb during the fourth quarter valued at approximately $34,000. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were 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 directly owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb 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 completion of the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last three months. Corporate insiders own 0.86% of the company's stock.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. 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.