Chubb Ltd (NYSE:CB) Expected to Post Quarterly Sales of $8.09 Billion

Wall Street analysts expect Chubb Ltd (NYSE:CB) to announce $8.09 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Chubb’s earnings, with the highest sales estimate coming in at $8.16 billion and the lowest estimate coming in at $8.03 billion. Chubb posted sales of $8.44 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The company is scheduled to report its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Chubb will report full-year sales of $32.28 billion for the current financial year, with estimates ranging from $32.14 billion to $32.53 billion. For the next fiscal year, analysts forecast that the business will report sales of $33.90 billion, with estimates ranging from $33.63 billion to $34.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Chubb.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.70 EPS for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.06. Chubb had a return on equity of 8.60% and a net margin of 10.48%. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year.

Several brokerages recently weighed in on CB. William Blair reiterated an “underperform” rating on shares of Chubb in a research report on Wednesday, October 30th. UBS Group boosted their price objective on Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JMP Securities restated an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Evercore ISI began coverage on Chubb in a research report on Thursday, October 17th. They issued an “in-line” rating and a $149.00 price objective for the company. Finally, Credit Suisse Group upgraded Chubb from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $145.00 to $165.00 in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $158.73.

In other Chubb news, EVP Timothy Alan Boroughs sold 14,060 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $151.28, for a total transaction of $2,126,996.80. Following the transaction, the executive vice president now owns 185,375 shares of the company’s stock, valued at $28,043,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total value of $948,900.00. Following the transaction, the insider now directly owns 168,037 shares in the company, valued at approximately $26,575,051.55. The disclosure for this sale can be found here. Insiders have sold 26,560 shares of company stock worth $4,103,222 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $26,000. JNBA Financial Advisors lifted its stake in shares of Chubb by 223.2% in the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at $27,000. Liberty Wealth Management LLC lifted its stake in shares of Chubb by 176.5% in the 3rd quarter. Liberty Wealth Management LLC now owns 188 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $28,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

CB stock traded down $1.41 during trading on Tuesday, hitting $151.51. 1,161,616 shares of the company traded hands, compared to its average volume of 1,547,209. The stock’s 50-day simple moving average is $154.82 and its 200 day simple moving average is $151.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $67.45 billion, a PE ratio of 16.05, a P/E/G ratio of 1.44 and a beta of 0.68. Chubb has a 1 year low of $119.54 and a 1 year high of $162.44.

Chubb Company Profile

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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Earnings History and Estimates for Chubb (NYSE:CB)

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