Analysts Expect Chubb Ltd (CB) Will Announce Quarterly Sales of $7.72 Billion

Wall Street analysts expect Chubb Ltd (NYSE:CB) to post sales of $7.72 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Chubb’s earnings, with the lowest sales estimate coming in at $7.61 billion and the highest estimate coming in at $7.89 billion. Chubb posted sales of $7.88 billion during the same quarter last year, which suggests a negative year over year growth rate of 2%. The business is scheduled to issue its next earnings report on Tuesday, April 23rd.

On average, analysts expect that Chubb will report full-year sales of $32.46 billion for the current financial year, with estimates ranging from $32.13 billion to $32.86 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $33.60 billion, with estimates ranging from $32.95 billion to $34.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Chubb.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.09. Chubb had a return on equity of 8.66% and a net margin of 11.72%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the prior year, the business posted $3.17 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.

Several analysts have recently commented on CB shares. Raymond James decreased their price objective on Chubb from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Citigroup reduced their price objective on Chubb from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Compass Point assumed coverage on Chubb in a research note on Tuesday, January 15th. They set a “buy” rating and a $165.00 price objective for the company. Zacks Investment Research lowered Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Finally, Deutsche Bank reduced their price objective on Chubb from $123.00 to $121.00 and set a “sell” rating for the company in a research note on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $154.60.

Shares of CB traded up $0.22 during mid-day trading on Monday, reaching $130.57. 1,444,319 shares of the company’s stock traded hands, compared to its average volume of 1,795,579. The stock has a market cap of $60.07 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.21 and a beta of 0.82. Chubb has a 12 month low of $119.54 and a 12 month high of $148.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.35.

Chubb announced that its board has approved a stock buyback plan on Thursday, November 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other Chubb news, Director Michael G. Atieh sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total value of $159,924.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 1,242 shares of company stock worth $165,544. 0.44% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc grew its stake in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after acquiring an additional 417,887 shares in the last quarter. Ropes Wealth Advisors LLC grew its stake in shares of Chubb by 7.2% in the third quarter. Ropes Wealth Advisors LLC now owns 18,758 shares of the financial services provider’s stock worth $2,507,000 after acquiring an additional 1,261 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Chubb by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after acquiring an additional 63,629 shares in the last quarter. Security National Bank grew its stake in shares of Chubb by 4.8% in the third quarter. Security National Bank now owns 13,367 shares of the financial services provider’s stock worth $1,786,000 after acquiring an additional 607 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Chubb by 24.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 27,793 shares of the financial services provider’s stock worth $3,714,000 after acquiring an additional 5,427 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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