Chubb (NYSE:CB) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Chubb (NYSE:CB - Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40, Zacks reports. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%.

Chubb Stock Performance

NYSE CB traded down $1.58 during midday trading on Thursday, hitting $282.91. The company had a trading volume of 214,413 shares, compared to its average volume of 1,627,426. The firm has a fifty day simple moving average of $285.78 and a two-hundred day simple moving average of $281.10. Chubb has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $113.36 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CB shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group upped their price objective on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their target price on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $307.93.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chubb stock. Revolve Wealth Partners LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 743 shares of the financial services provider's stock, valued at approximately $205,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

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.