William Blair Brokers Raise Earnings Estimates for Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities research analysts at William Blair increased their Q3 2024 earnings per share (EPS) estimates for shares of Chubb in a research note issued on Wednesday, April 24th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $4.77 for the quarter, up from their previous estimate of $4.68. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. William Blair also issued estimates for Chubb’s Q4 2024 earnings at $5.97 EPS, Q1 2025 earnings at $5.99 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.12 EPS and Q4 2025 earnings at $6.56 EPS.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the business posted $4.41 EPS. The company’s revenue was up 14.1% on a year-over-year basis.

Several other brokerages also recently weighed in on CB. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. Evercore ISI raised their price target on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. UBS Group raised their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Morgan Stanley raised their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, BMO Capital Markets raised their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Trading Up 1.2 %

Shares of CB stock opened at $245.99 on Friday. The business’s 50 day moving average is $252.44 and its two-hundred day moving average is $235.28. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58. The company has a market capitalization of $99.87 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.27%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Chubb

Hedge funds and other institutional investors have recently made changes to their positions in the business. ZRC Wealth Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Chubb in the fourth quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the fourth quarter valued at $32,000. Northwest Financial Advisors purchased a new stake in shares of Chubb in the fourth quarter valued at $33,000. Finally, Naples Money Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.