Chubb (CB) Scheduled to Post Earnings on Tuesday

Chubb (NYSE:CB) will post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Chubb to post earnings of $5.27 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, analysts expect Chubb to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Price Performance

Chubb stock opened at $244.44 on Tuesday. The firm has a market cap of $99.24 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $252.55 and its two-hundred day moving average is $233.47.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. Chubb’s payout ratio is 15.76%.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Chubb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CB. Hobbs Group Advisors LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $84,000. SageView Advisory Group LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $455,000. Harbour Investments Inc. grew its holdings in shares of Chubb by 21.6% during the fourth quarter. Harbour Investments Inc. now owns 2,272 shares of the financial services provider’s stock worth $514,000 after buying an additional 403 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Chubb by 2.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,037 shares of the financial services provider’s stock worth $9,500,000 after buying an additional 1,049 shares in the last quarter. Finally, Faithward Advisors LLC grew its holdings in shares of Chubb by 12.1% during the fourth quarter. Faithward Advisors LLC now owns 2,507 shares of the financial services provider’s stock worth $625,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Roth Mkm raised their price objective on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Raymond James increased their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. increased their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Morgan Stanley increased their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

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.