Chubb (NYSE:CB - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $4.86 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the company posted $4.92 earnings per share. The firm's revenue for the quarter was up 11.8% 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 stock opened at $297.91 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $120.97 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb has a fifty-two week low of $205.64 and a fifty-two week high of $302.05. The firm's 50-day simple moving average is $285.39 and its 200 day simple moving average is $268.41.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 13th. Chubb's dividend payout ratio is presently 16.16%.
Several research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, October 4th. Wells Fargo & Company boosted their target price on shares of Chubb from $255.00 to $269.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $282.37.
View Our Latest Report on CB
In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company's stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by corporate insiders.
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.
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