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

Chubb Limited (NYSE:CB) – Analysts at William Blair cut their Q2 2024 earnings per share estimates for Chubb in a research note issued on Wednesday, April 24th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings of $5.30 per share for the quarter, down from their prior estimate of $5.47. The consensus estimate for Chubb’s current full-year earnings is $21.17 per share.

A number of other research firms also recently issued reports on CB. Morgan Stanley boosted their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. TD Cowen initiated coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. UBS Group boosted their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Finally, Roth Mkm restated a “buy” rating and set a $280.00 price objective on shares of Chubb in a research note on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average target price of $266.89.

Chubb Price Performance

CB stock opened at $248.62 on Monday. The stock has a 50-day moving average price of $252.26 and a two-hundred day moving average price of $236.43. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market cap of $100.94 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.27%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chubb

Institutional investors have recently made changes to their positions in the stock. Americana Partners LLC bought a new position in shares of Chubb during the third quarter valued at approximately $292,000. Lazard Asset Management LLC grew its holdings in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its holdings in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the last quarter. Graypoint LLC grew its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after buying an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new position in Chubb in the 4th quarter worth approximately $1,403,000. 83.81% of the stock is owned by institutional investors.

Chubb Company Profile

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.