Zacks Research Equities Analysts Decrease Earnings Estimates for Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities researchers at Zacks Research lowered their Q3 2024 earnings per share (EPS) estimates for shares of Chubb in a research report issued on Tuesday, August 6th. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $4.72 per share for the quarter, down from their prior forecast of $4.78. The consensus estimate for Chubb’s current full-year earnings is $21.15 per share. Zacks Research also issued estimates for Chubb’s Q4 2024 earnings at $5.61 EPS, FY2024 earnings at $21.12 EPS, Q1 2025 earnings at $5.71 EPS and Q3 2025 earnings at $5.72 EPS.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JMP Securities raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $270.79.

Chubb Trading Up 0.4 %

Shares of Chubb stock traded up $1.04 on Thursday, hitting $270.26. The stock had a trading volume of 958,866 shares, compared to its average volume of 1,654,021. The stock’s 50-day simple moving average is $263.18 and its two-hundred day simple moving average is $256.27. Chubb has a one year low of $198.10 and a one year high of $277.91. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $109.74 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.92 EPS.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s payout ratio is presently 16.16%.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders have sold 12,845 shares of company stock worth $3,404,515 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chubb

Several large investors have recently made changes to their positions in the company. Beacon Capital Management LLC grew its holdings in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb during the first quarter valued at $25,000. Chilton Capital Management LLC bought a new position in Chubb during the second quarter valued at $26,000. Wellington Shields Capital Management LLC purchased a new position in shares of Chubb in the 1st quarter worth $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb in the 4th quarter worth about $29,000. 83.81% of the stock is owned by institutional investors.

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.