Zacks: Brokerages Anticipate Chubb Limited (NYSE:CB) Will Post Earnings of $3.63 Per Share

Brokerages expect Chubb Limited (NYSE:CB – Get Rating) to post $3.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Chubb’s earnings, with estimates ranging from $3.52 to $3.71. Chubb posted earnings per share of $3.62 during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Chubb will report full year earnings of $14.92 per share for the current year, with EPS estimates ranging from $13.95 to $15.64. For the next fiscal year, analysts anticipate that the company will report earnings of $16.55 per share, with EPS estimates ranging from $14.60 to $18.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Chubb.

Chubb (NYSE:CB – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $3.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.48 by $0.34. Chubb had a return on equity of 10.30% and a net margin of 19.65%. During the same period last year, the business posted $2.52 earnings per share.

CB has been the subject of several recent research reports. Raymond James boosted their price target on Chubb from $240.00 to $250.00 in a research report on Thursday. Morgan Stanley boosted their price target on Chubb from $210.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Friday, February 4th. Royal Bank of Canada boosted their price target on Chubb from $230.00 to $239.00 and gave the stock an “outperform” rating in a research report on Monday, April 4th. Barclays upped their target price on Chubb from $244.00 to $250.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $189.00 to $203.00 in a research report on Thursday, January 6th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $221.80.

In other news, Director Theodore Shasta sold 461 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $204.88, for a total value of $94,449.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 610 shares of the company’s stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $205.97, for a total value of $125,641.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,666 shares of company stock worth $8,709,616. Company insiders own 0.39% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton raised its holdings in Chubb by 49.1% in the 1st quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 55 shares during the period. Selective Wealth Management Inc. raised its holdings in Chubb by 92.0% in the 4th quarter. Selective Wealth Management Inc. now owns 192 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 92 shares during the period. Shore Point Advisors LLC acquired a new position in shares of Chubb during the fourth quarter valued at approximately $39,000. Equitec Proprietary Markets LLC acquired a new position in shares of Chubb during the fourth quarter valued at approximately $46,000. Finally, Curi Wealth Management LLC acquired a new position in shares of Chubb during the fourth quarter valued at approximately $49,000. 86.61% of the stock is owned by institutional investors.

Shares of CB traded down $4.72 during trading hours on Friday, hitting $206.45. The company had a trading volume of 2,360,049 shares, compared to its average volume of 1,419,805. The company has a market capitalization of $87.46 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.45 and a beta of 0.76. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. Chubb has a one year low of $155.78 and a one year high of $218.99. The company’s fifty day moving average price is $209.24 and its two-hundred day moving average price is $198.80.

The company also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, March 18th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $3.20 annualized dividend and a yield of 1.55%. Chubb’s payout ratio is presently 17.04%.

Chubb Company Profile (Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

Further Reading