Chubb (CB) Scheduled to Post Earnings on Tuesday

Chubb (NYSE:CB - Get Free Report) will announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $5.27 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, analysts expect Chubb to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Stock Performance

Shares of CB stock traded up $0.81 on Tuesday, reaching $245.25. The stock had a trading volume of 1,257,329 shares, compared to its average volume of 1,718,459. The stock has a market cap of $99.57 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day simple moving average of $252.55 and a 200 day simple moving average of $233.47. Chubb has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb's dividend payout ratio (DPR) is presently 15.76%.

Analyst Ratings Changes

CB has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Chubb from $228.00 to $254.00 and gave the company a "neutral" rating in a research report on Friday. BMO Capital Markets lifted their target price on Chubb from $220.00 to $240.00 and gave the company a "market perform" rating in a research report on Monday, February 5th. Piper Sandler reiterated an "overweight" rating and set a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. JMP Securities reissued a "market outperform" rating and set a $280.00 price target on shares of Chubb in a report on Monday. Finally, Roth Mkm raised their price target on Chubb from $260.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $266.37.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 130,937 shares of the company's stock, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, 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 sale, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated 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 sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 in the last ninety days. Company insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Chubb

Several hedge funds have recently modified their holdings of the company. Carolinas Wealth Consulting LLC boosted its stake in shares of Chubb by 10.1% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider's stock worth $119,000 after acquiring an additional 51 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Chubb by 4.9% in the 1st quarter. Zions Bancorporation N.A. now owns 1,168 shares of the financial services provider's stock valued at $250,000 after buying an additional 55 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Chubb by 0.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 10,129 shares of the financial services provider's stock valued at $1,950,000 after buying an additional 60 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in Chubb by 4.3% in the 1st quarter. Prestige Wealth Management Group LLC now owns 1,802 shares of the financial services provider's stock valued at $351,000 after buying an additional 75 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in Chubb by 4.4% in the 4th quarter. Meridian Wealth Management LLC now owns 2,288 shares of the financial services provider's stock valued at $505,000 after buying an additional 97 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.