Zacks Research Issues Positive Forecast for Chubb Earnings

Chubb Limited (NYSE:CB) – Research analysts at Zacks Research lifted their Q3 2024 earnings estimates for Chubb in a report released on Thursday, October 24th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $4.87 for the quarter, up from their previous estimate of $4.84. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Zacks Research also issued estimates for Chubb’s Q4 2024 earnings at $5.73 EPS, FY2024 earnings at $21.38 EPS, Q1 2025 earnings at $5.76 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.78 EPS, FY2025 earnings at $23.27 EPS, Q2 2026 earnings at $6.41 EPS and Q3 2026 earnings at $5.73 EPS.

CB has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on Chubb from $255.00 to $269.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $282.37.

Chubb Stock Performance

NYSE:CB opened at $287.99 on Friday. The company has a market cap of $116.94 billion, a P/E ratio of 12.78, a P/E/G ratio of 5.87 and a beta of 0.66. The firm’s 50 day moving average is $287.15 and its two-hundred day moving average is $269.32. Chubb has a fifty-two week low of $207.46 and a fifty-two week high of $302.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Chubb during the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Chubb by 16.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Chubb in the 1st quarter worth approximately $984,000. Leuthold Group LLC acquired a new position in Chubb during the 1st quarter valued at approximately $3,033,000. Finally, Private Advisor Group LLC grew its stake in Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Chubb Dividend Announcement

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

Chubb Company Profile

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.