Chubb (NYSE:CB) Posts Earnings Results, Beats Estimates By $0.87 EPS

Chubb (NYSE:CB) announced its quarterly earnings data on Tuesday. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.79 by $0.87, Zacks reports. Chubb had a return on equity of 14.47% and a net margin of 18.10%.

Chubb Price Performance

Shares of CB stock traded up $0.78 during mid-day trading on Tuesday, hitting $357.05. The company had a trading volume of 2,196,492 shares, compared to its average volume of 1,711,141. Chubb has a 52-week low of $266.40 and a 52-week high of $365.91. The stock’s 50 day moving average price is $340.62 and its 200-day moving average price is $336.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $137.75 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.57 and a beta of 0.36.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Analyst Upgrades and Downgrades

CB has been the topic of several analyst reports. Weiss Ratings raised shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a report on Friday. Morgan Stanley reduced their price objective on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. UBS Group increased their price objective on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Citigroup restated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Barclays set a $387.00 target price on shares of Chubb in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $358.36.

Insiders Place Their Bets

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.