Equities research analysts forecast that Chubb Ltd (NYSE:CB) will report $7.23 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chubb’s earnings, with the lowest sales estimate coming in at $7.19 billion and the highest estimate coming in at $7.25 billion. Chubb reported sales of $7.59 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Chubb will report full year sales of $7.23 billion for the current financial year, with estimates ranging from $30.10 billion to $30.94 billion. For the next year, analysts forecast that the company will post sales of $31.39 billion per share, with estimates ranging from $30.08 billion to $32.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Chubb.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.86. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The business had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share. Chubb’s revenue for the quarter was up 1.6% compared to the same quarter last year.
In other Chubb news, CEO Evan G. Greenberg sold 95,761 shares of the business’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 completion of the sale, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy Alan Boroughs sold 18,611 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the completion of the sale, the insider now directly owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.
Several large investors have recently made changes to their positions in CB. Financial Gravity Companies Inc. acquired a new stake in shares of Chubb in the fourth quarter worth about $103,000. Welch Group LLC acquired a new position in shares of Chubb during the 4th quarter worth about $110,000. Atlantic Trust LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $116,000. Focused Wealth Management Inc acquired a new position in shares of Chubb during the 4th quarter worth about $117,000. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Chubb during the 3rd quarter worth about $133,000. 87.40% of the stock is owned by institutional investors.
Shares of Chubb (CB) traded down $0.07 during mid-day trading on Monday, hitting $147.00. The stock had a trading volume of 1,511,243 shares, compared to its average volume of 2,000,000. Chubb has a twelve month low of $133.82 and a twelve month high of $157.50. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $68,240.00, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95.
Chubb declared that its Board of Directors has approved a share repurchase plan on Thursday, December 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.