Chubb Limited (NYSE:CB - Free Report) - Investment analysts at Zacks Research increased their Q3 2024 earnings per share estimates for Chubb in a research report issued to clients and investors on Thursday, October 24th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $4.87 per share for the quarter, up from their prior forecast 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.
Several other brokerages also recently issued reports on CB. Morgan Stanley decreased their price objective on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. Piper Sandler boosted their price objective on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, JMP Securities reiterated a "market outperform" rating and set a $300.00 price objective on shares of Chubb in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and an average target price of $282.37.
Check Out Our Latest Stock Analysis on CB
Chubb Trading Down 2.0 %
Shares of Chubb stock traded down $5.97 during trading on Friday, hitting $287.99. The stock had a trading volume of 1,237,878 shares, compared to its average volume of 1,608,166. Chubb has a 12 month low of $207.46 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm's fifty day simple moving average is $286.86 and its 200-day simple moving average is $269.08. The stock has a market cap of $116.94 billion, a PE ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66.
Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the company earned $4.92 earnings per share. Chubb's revenue was up 11.8% on a year-over-year basis.
Chubb Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, September 13th. Chubb's dividend payout ratio is presently 16.16%.
Insider Buying and Selling at Chubb
In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company's stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Chubb
Large investors have recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider's stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock valued at $2,696,640,000 after purchasing an additional 931,841 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock worth $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Capital World Investors lifted its stake in Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider's stock valued at $2,849,677,000 after buying an additional 685,677 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider's stock worth $918,294,000 after buying an additional 457,881 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.
About Chubb
(
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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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