Chubb (NYSE:CB) Releases Earnings Results, Beats Estimates By $0.12 EPS

Chubb (NYSE:CB - Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $5.29 by $0.12, Briefing.com reports. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.75 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm's revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 EPS.

Chubb Trading Down 2.7 %

NYSE CB traded down $6.87 during mid-day trading on Wednesday, hitting $243.01. The company's stock had a trading volume of 3,184,853 shares, compared to its average volume of 1,748,423. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The stock's fifty day simple moving average is $252.54 and its two-hundred day simple moving average is $235.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $98.66 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.42%. Chubb's payout ratio is 15.76%.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly 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. Over the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an "equal weight" rating in a research note on Thursday, February 1st. UBS Group increased their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a "neutral" rating in a research note on Monday, February 5th. HSBC reaffirmed a "hold" rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. TD Cowen assumed coverage on shares of Chubb in a research note on Wednesday, January 10th. They set a "market perform" rating and a $254.00 price target on the stock. Finally, Evercore ISI raised their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chubb has an average rating of "Moderate Buy" and an average target price of $266.37.

About Chubb

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.