Chubb Ltd (NYSE:CB) Expected to Post Earnings of $2.60 Per Share

Wall Street analysts expect that Chubb Ltd (NYSE:CB) will announce earnings per share (EPS) of $2.60 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chubb’s earnings, with the lowest EPS estimate coming in at $2.40 and the highest estimate coming in at $2.75. Chubb posted earnings per share of $2.68 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, July 23rd.

On average, analysts expect that Chubb will report full-year earnings of $10.47 per share for the current year, with EPS estimates ranging from $10.20 to $10.85. For the next financial year, analysts forecast that the company will post earnings of $11.11 per share, with EPS estimates ranging from $10.50 to $11.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Chubb.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.05. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same period in the prior year, the firm earned $2.34 EPS.

Several research analysts recently commented on CB shares. Raymond James raised their price objective on shares of Intercontinental Exchange from $89.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 5th. Morgan Stanley set a $60.00 price objective on shares of Berry Global Group and gave the stock a “hold” rating in a report on Wednesday, April 17th. Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a report on Thursday, June 20th. UBS Group raised their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Co set a $70.00 price objective on shares of MSC Industrial Direct and gave the stock a “market perform” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $148.90.

CB traded up $0.57 on Friday, hitting $149.37. The company’s stock had a trading volume of 962,412 shares, compared to its average volume of 1,484,503. The stock’s 50 day simple moving average is $148.49. The stock has a market cap of $68.29 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.42 and a beta of 0.72. Chubb has a 12 month low of $119.54 and a 12 month high of $152.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be paid a $0.75 dividend. The ex-dividend date is Thursday, June 20th. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 2.01%. Chubb’s dividend payout ratio is currently 31.78%.

In other Chubb news, CEO Evan G. Greenberg sold 215,648 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $148.84, for a total value of $32,097,048.32. Following the sale, the chief executive officer now directly owns 1,002,730 shares in the company, valued at approximately $149,246,333.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Krump sold 3,450 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total transaction of $500,250.00. Following the completion of the sale, the insider now owns 139,160 shares in the company, valued at $20,178,200. The disclosure for this sale can be found here. Insiders sold a total of 342,146 shares of company stock worth $50,781,622 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

Several institutional investors have recently bought and sold shares of CB. Claybrook Capital LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its position in shares of Chubb by 114.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after buying an additional 117 shares in the last quarter. Ascent Wealth Partners LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $28,000. Executive Wealth Management LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $29,000. Finally, Sageworth Trust Co purchased a new stake in shares of Chubb during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 89.00% of the company’s stock.

About Chubb

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

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