Chubb (CB) to Release Earnings on Tuesday

Chubb (NYSE:CB - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect Chubb to post earnings of $4.86 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.92 EPS. On average, analysts expect Chubb to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Stock Performance

Shares of CB stock traded down $0.74 on Tuesday, reaching $297.11. The stock had a trading volume of 1,184,559 shares, compared to its average volume of 1,615,542. 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 firm's 50-day moving average is $285.98 and its two-hundred day moving average is $268.72. The firm has a market capitalization of $120.64 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 5.87 and a beta of 0.66. Chubb has a 12 month low of $205.64 and a 12 month high of $302.05.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb's dividend payout ratio is currently 16.16%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CB shares. William Blair downgraded Chubb from a "market perform" rating to an "underperform" rating in a report on Friday, June 28th. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 target price on shares of Chubb in a report on Tuesday, October 15th. Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on Chubb from $255.00 to $269.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Two equities research 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. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and an average price target of $282.37.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by insiders.

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.