FY2024 Earnings Estimate for Chubb Issued By Zacks Research

Chubb Limited (NYSE:CB - Free Report) - Analysts at Zacks Research raised their FY2024 earnings estimates for Chubb in a note issued to investors on Tuesday, November 12th. Zacks Research analyst T. De now expects that the financial services provider will post earnings of $21.64 per share for the year, up from their previous forecast of $21.38. The consensus estimate for Chubb's current full-year earnings is $21.64 per share. Zacks Research also issued estimates for Chubb's Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

Other research analysts have also recently issued research reports about the company. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb presently has an average rating of "Hold" and a consensus price target of $287.37.

Chubb Price Performance

Shares of NYSE CB traded up $1.38 during trading on Thursday, reaching $284.76. The company had a trading volume of 603,872 shares, compared to its average volume of 1,602,011. The stock has a market capitalization of $114.79 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67. The stock has a 50-day moving average price of $287.84 and a two-hundred day moving average price of $272.67. Chubb has a twelve month low of $216.26 and a twelve month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.95 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its stake in Chubb by 16.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 207,021 shares of the financial services provider's stock valued at $59,688,000 after purchasing an additional 29,767 shares during the period. Fiduciary Trust Co increased its stake in shares of Chubb by 2.8% during the 3rd quarter. Fiduciary Trust Co now owns 30,951 shares of the financial services provider's stock worth $8,926,000 after purchasing an additional 832 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Chubb by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,931 shares of the financial services provider's stock valued at $49,583,000 after purchasing an additional 2,567 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Chubb during the third quarter worth $266,000. Finally, Townsquare Capital LLC raised its holdings in Chubb by 37.1% during the third quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider's stock valued at $2,675,000 after buying an additional 2,511 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the business's stock in a transaction dated 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 transaction, 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 related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. 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.

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.