Chubb (CB) to Release Earnings on Tuesday

Chubb (NYSE:CB) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Chubb to post earnings of $4.86 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Chubb Price Performance

CB stock opened at $287.99 on Monday. The business has a 50 day moving average price of $287.15 and a 200 day moving average price of $269.62. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $116.94 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66. Chubb has a fifty-two week low of $207.46 and a fifty-two week high of $302.05.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Finally, Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $282.37.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated 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 owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock worth $24,874,208. Corporate 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.