Chubb (CB) Expected to Announce Quarterly Earnings on Tuesday

Chubb (NYSE:CB) is anticipated to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Chubb to post earnings of $5.33 per share and revenue of $10,865,250.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the firm posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Chubb to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Price Performance

Shares of CB stock opened at $266.71 on Monday. The company has a market cap of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a twelve month low of $238.85 and a twelve month high of $302.05. The business has a fifty day simple moving average of $276.24 and a 200 day simple moving average of $278.83.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CB shares. Bank of America upped their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $288.17.

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.