Zacks: Analysts Expect Chubb Ltd (CB) to Post $2.58 Earnings Per Share

Wall Street brokerages expect that Chubb Ltd (NYSE:CB) will post earnings per share of $2.58 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chubb’s earnings. The highest EPS estimate is $2.73 and the lowest is $2.27. Chubb reported earnings per share of $2.48 in the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is expected to issue its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Chubb will report full-year earnings of $10.76 per share for the current year, with EPS estimates ranging from $10.00 to $11.10. For the next year, analysts forecast that the company will report earnings of $11.28 per share, with EPS estimates ranging from $9.90 to $11.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Chubb.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.86. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. Chubb’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.72 earnings per share.

A number of research firms recently issued reports on CB. Royal Bank of Canada reaffirmed a “buy” rating and set a $170.00 target price on shares of Chubb in a report on Wednesday, January 31st. Bank of America lifted their target price on Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “buy” rating and set a $169.00 target price on shares of Chubb in a report on Tuesday, January 30th. Zacks Investment Research lowered Chubb from a “buy” rating to a “sell” rating in a report on Friday, January 5th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $156.00 target price on shares of Chubb in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $163.92.

Chubb (CB) traded up $4.13 during trading hours on Friday, reaching $144.52. The company had a trading volume of 3,508,423 shares, compared to its average volume of 1,920,000. The firm has a market capitalization of $69,060.00, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.30 and a beta of 0.95. Chubb has a 1 year low of $131.74 and a 1 year high of $157.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, December 29th were paid a $0.71 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.97%. Chubb’s dividend payout ratio is currently 34.68%.

Chubb declared that its Board of Directors has authorized a share buyback program on Thursday, December 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares in the company, valued at approximately $30,420,171.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 95,761 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $145.56, for a total value of $13,938,971.16. Following the sale, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Chubb by 1.5% during the 4th quarter. BlackRock Inc. now owns 30,206,383 shares of the financial services provider’s stock worth $4,414,057,000 after acquiring an additional 435,621 shares during the period. WCM Investment Management CA lifted its holdings in shares of Chubb by 6.3% during the 4th quarter. WCM Investment Management CA now owns 11,835,162 shares of the financial services provider’s stock valued at $1,729,472,000 after buying an additional 697,702 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Chubb by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 5,496,940 shares of the financial services provider’s stock valued at $803,269,000 after buying an additional 19,850 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Chubb by 3.5% during the 4th quarter. American Century Companies Inc. now owns 4,104,051 shares of the financial services provider’s stock valued at $599,725,000 after buying an additional 140,300 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Chubb by 3.5% during the 3rd quarter. Legal & General Group Plc now owns 2,502,609 shares of the financial services provider’s stock valued at $356,732,000 after buying an additional 84,700 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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About Chubb

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

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Earnings History and Estimates for Chubb (NYSE:CB)

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