Chubb (CB) Scheduled to Post Quarterly Earnings on Tuesday

Chubb (NYSE:CB) will be issuing its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $5.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the business posted $4.41 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, analysts expect Chubb to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Trading Down 2.9 %

Shares of CB stock opened at $259.88 on Monday. The company has a market cap of $105.53 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 6.09 and a beta of 0.66. Chubb has a 1 year low of $194.37 and a 1 year high of $275.41. The stock’s 50 day simple moving average is $261.69 and its two-hundred day simple moving average is $252.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio is presently 16.16%.

Insider Activity at Chubb

In other news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares in the company, valued at approximately $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold a total of 47,552 shares of company stock valued at $12,149,985 over the last ninety days. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 price objective on shares of Chubb in a research report on Friday, June 28th. Keefe, Bruyette & Woods reduced their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a research report on Wednesday, April 24th. HSBC reaffirmed a “hold” rating and set a $270.00 target price (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group raised their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $267.65.

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.