What is Zacks Research’s Estimate for Chubb FY2024 Earnings?

Chubb Limited (NYSE:CB) – Analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Chubb in a research report issued on Tuesday, November 12th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings per share of $21.64 for the year, up from their prior estimate of $21.38. The consensus estimate for Chubb’s current full-year earnings is $21.64 per share. Zacks Research also issued estimates for Chubb’s Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.

Several other analysts have also commented on CB. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities raised their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Trading Up 1.2 %

Shares of CB opened at $286.90 on Thursday. Chubb has a 1-year low of $216.26 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $287.84 and its 200-day moving average price is $272.67. The firm has a market capitalization of $115.65 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 6.64 and a beta of 0.67.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently made changes to their positions in CB. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% during the second 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 during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb in the 1st quarter worth $25,000. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter worth $29,000. Chilton Capital Management LLC purchased a new position in Chubb during the second quarter valued at $26,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the third quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This represents a 4.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. Insiders own 0.86% of the company’s stock.

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.