Chubb (CB) to Release Quarterly Earnings on Tuesday

Chubb (NYSE:CB – Get Rating) is set to announce its earnings results after the market closes on Tuesday, January 31st. Analysts expect the company to announce earnings of $4.22 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 Rating) last announced its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.15. Chubb had a return on equity of 11.89% and a net margin of 14.70%. The company had revenue of $10.75 billion during the quarter, compared to the consensus estimate of $10.71 billion. During the same period in the prior year, the company earned $2.64 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts expect Chubb to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Chubb Trading Up 2.1 %

Shares of Chubb stock traded up $4.76 during trading hours on Tuesday, hitting $228.35. The company’s stock had a trading volume of 1,528,668 shares, compared to its average volume of 1,577,525. Chubb has a 12 month low of $173.78 and a 12 month high of $230.27. The stock has a 50 day moving average of $218.80 and a 200 day moving average of $202.25. The company has a market capitalization of $94.78 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 16th were given a dividend of $0.83 per share. The ex-dividend date was Thursday, December 15th. This represents a $3.32 annualized dividend and a dividend yield of 1.45%. Chubb’s dividend payout ratio is currently 23.15%.

Insider Activity

In other news, CEO Evan G. Greenberg sold 24,049 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $207.91, for a total value of $5,000,027.59. Following the completion of the sale, the chief executive officer now directly owns 570,622 shares of the company’s stock, valued at $118,638,020.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Timothy Alan Boroughs sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $209.51, for a total transaction of $3,142,650.00. Following the transaction, the executive vice president now owns 45,117 shares in the company, valued at $9,452,462.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 24,049 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $207.91, for a total value of $5,000,027.59. Following the transaction, the chief executive officer now owns 570,622 shares in the company, valued at approximately $118,638,020.02. The disclosure for this sale can be found here. Insiders sold a total of 70,786 shares of company stock valued at $14,975,790 over the last three months. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Chubb

Large investors have recently made changes to their positions in the company. Almanack Investment Partners LLC. bought a new position in shares of Chubb during the third quarter worth approximately $52,000. Carolinas Wealth Consulting LLC increased its stake in 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 during the period. Fairfield Bush & CO. bought a new position in Chubb during the 1st quarter worth $195,000. Symphony Financial Ltd. Co. bought a new position in Chubb during the 1st quarter worth $213,000. Finally, Echo Street Capital Management LLC bought a new position in Chubb during the 1st quarter worth $238,000. Institutional investors own 87.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CB shares. StockNews.com started coverage on Chubb in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Atlantic Securities raised Chubb from a “neutral” rating to an “overweight” rating and set a $240.00 price objective for the company in a research report on Tuesday, November 15th. Piper Sandler upped their price objective on Chubb from $225.00 to $230.00 in a research report on Tuesday, January 10th. BMO Capital Markets initiated coverage on Chubb in a research report on Thursday, January 19th. They set a “market perform” rating and a $225.00 price objective for the company. Finally, Royal Bank of Canada increased their price target on Chubb from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, December 14th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.33.

Chubb Company Profile

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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.