Chubb (NYSE:CB – Get Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12, Briefing.com reports. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 earnings per share.
Chubb Trading Down 3.6 %
CB stock traded down $9.03 during midday trading on Wednesday, hitting $240.85. 370,238 shares of the company’s stock were exchanged, compared to its average volume of 1,712,051. The stock’s fifty day moving average price is $252.64 and its 200-day moving average price is $235.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $97.78 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. Chubb has a one year low of $183.71 and a one year high of $260.58.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.43%. Chubb’s dividend payout ratio is currently 15.76%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Chubb
Insider Buying and Selling at Chubb
In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last 90 days. 0.86% of the stock is currently owned by company insiders.
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.
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