Equities research analysts expect Chubb Limited (NYSE:CB) to announce sales of $9.09 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Chubb's earnings, with the lowest sales estimate coming in at $8.88 billion and the highest estimate coming in at $9.41 billion. Chubb reported sales of $8.90 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The firm is scheduled to announce its next earnings results on Tuesday, July 27th.
According to Zacks, analysts expect that Chubb will report full year sales of $37.01 billion for the current fiscal year, with estimates ranging from $36.09 billion to $38.32 billion. For the next financial year, analysts anticipate that the business will report sales of $38.91 billion, with estimates ranging from $37.80 billion to $39.77 billion. Zacks' sales averages are a mean average based on a survey of analysts that that provide coverage for Chubb.
Chubb (NYSE:CB) last issued its earnings results on Monday, April 26th. The financial services provider reported $2.52 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.45 by $0.07. The business had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.69 billion. Chubb had a net margin of 14.51% and a return on equity of 5.63%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 earnings per share.
CB has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Chubb from $178.00 to $187.00 and gave the company an "overweight" rating in a research report on Monday, April 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $155.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 12th. They noted that the move was a valuation call. JMP Securities boosted their target price on shares of Chubb from $175.00 to $190.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 28th. Raymond James boosted their target price on shares of Chubb from $190.00 to $200.00 and gave the company a "strong-buy" rating in a research report on Thursday, March 11th. Finally, Royal Bank of Canada boosted their target price on shares of Chubb from $175.00 to $184.00 and gave the company an "outperform" rating in a research report on Thursday, April 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of "Buy" and a consensus price target of $165.78.
CB stock opened at $165.46 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The stock's fifty day moving average is $166.94. Chubb has a one year low of $111.93 and a one year high of $179.01. The company has a market capitalization of $74.41 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.48 and a beta of 0.70.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Friday, June 18th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, June 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.93%. This is an increase from Chubb's previous quarterly dividend of $0.78. Chubb's dividend payout ratio is currently 42.68%.
In other news, Vice Chairman Paul J. Krump sold 33,123 shares of the company's stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $172.07, for a total value of $5,699,474.61. Following the completion of the transaction, the insider now owns 118,702 shares of the company's stock, valued at $20,425,053.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 4,337 shares of the company's stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $175.03, for a total value of $759,105.11. Following the completion of the transaction, the insider now directly owns 145,604 shares of the company's stock, valued at approximately $25,485,068.12. The disclosure for this sale can be found here. Insiders sold 51,970 shares of company stock valued at $8,912,982 in the last ninety days. 0.41% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Chubb by 1.0% during the 1st quarter. BlackRock Inc. now owns 29,761,553 shares of the financial services provider's stock valued at $4,701,433,000 after purchasing an additional 306,381 shares during the period. Price T Rowe Associates Inc. MD increased its position in Chubb by 14.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,852,906 shares of the financial services provider's stock valued at $3,671,411,000 after purchasing an additional 3,020,693 shares during the period. FMR LLC boosted its holdings in shares of Chubb by 12.6% during the 4th quarter. FMR LLC now owns 7,854,972 shares of the financial services provider's stock worth $1,209,037,000 after buying an additional 876,961 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chubb by 2.0% during the 1st quarter. Geode Capital Management LLC now owns 7,090,606 shares of the financial services provider's stock worth $1,117,020,000 after buying an additional 139,461 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Chubb by 3.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,999,276 shares of the financial services provider's stock worth $787,950,000 after buying an additional 189,004 shares in the last quarter. 87.01% of the stock is owned by institutional investors and hedge funds.
Chubb Limited, through its subsidiaries, 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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