Wall Street brokerages predict that D/B/A Chubb Limited New (NYSE:CB) will report $2.40 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for D/B/A Chubb Limited New’s earnings. The highest EPS estimate is $2.57 and the lowest is $2.26. D/B/A Chubb Limited New reported earnings per share of $2.72 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The business is expected to issue its next quarterly earnings results on Tuesday, January 30th.
On average, analysts expect that D/B/A Chubb Limited New will report full year earnings of $7.26 per share for the current fiscal year, with EPS estimates ranging from $7.13 to $7.44. For the next year, analysts anticipate that the company will report earnings of $10.61 per share, with EPS estimates ranging from $9.56 to $11.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow D/B/A Chubb Limited New.
D/B/A Chubb Limited New (NYSE:CB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The company had revenue of $7.36 billion during the quarter, compared to analyst estimates of $7.14 billion. D/B/A Chubb Limited New had a net margin of 12.15% and a return on equity of 7.22%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share.
A number of brokerages have weighed in on CB. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $153.00 target price on shares of D/B/A Chubb Limited New in a research report on Sunday, October 29th. UBS cut their target price on shares of D/B/A Chubb Limited New from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, September 19th. Zacks Investment Research lowered shares of D/B/A Chubb Limited New from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. ValuEngine lowered shares of D/B/A Chubb Limited New from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Citigroup increased their target price on shares of D/B/A Chubb Limited New from $167.00 to $173.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $160.09.
Shares of D/B/A Chubb Limited New (CB) traded down $1.43 during trading hours on Monday, reaching $149.44. 1,383,400 shares of the company’s stock were exchanged, compared to its average volume of 1,404,237. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $69,716.86, a price-to-earnings ratio of 19.84, a PEG ratio of 2.07 and a beta of 0.96. D/B/A Chubb Limited New has a 12-month low of $127.15 and a 12-month high of $156.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 29th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 28th. D/B/A Chubb Limited New’s payout ratio is 34.05%.
In other news, insider John J. Lupica sold 16,674 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $152.02, for a total value of $2,534,781.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Alan Boroughs sold 18,611 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares in the company, valued at $30,420,171.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,195 shares of company stock worth $10,478,345. Insiders own 0.43% of the company’s stock.
Several institutional investors have recently made changes to their positions in CB. Manchester Capital Management LLC purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth about $106,000. Atlantic Trust LLC purchased a new stake in shares of D/B/A Chubb Limited New in the second quarter worth about $116,000. Horan Capital Advisors LLC. purchased a new stake in shares of D/B/A Chubb Limited New in the third quarter worth about $133,000. Zions Bancorporation lifted its holdings in shares of D/B/A Chubb Limited New by 716.3% in the third quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in D/B/A Chubb Limited New in the second quarter valued at approximately $185,000. 88.31% of the stock is currently owned by hedge funds and other institutional investors.
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About D/B/A Chubb Limited New
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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