Q3 2024 EPS Estimates for Chubb Limited (NYSE:CB) Decreased by Roth Capital

Chubb Limited (NYSE:CB) – Equities research analysts at Roth Capital reduced their Q3 2024 earnings per share (EPS) estimates for Chubb in a report issued on Wednesday, April 24th. Roth Capital analyst H. Fong now forecasts that the financial services provider will post earnings per share of $4.65 for the quarter, down from their previous forecast of $4.74. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.76 EPS, Q1 2025 earnings at $6.01 EPS, Q2 2025 earnings at $5.87 EPS and FY2025 earnings at $24.30 EPS.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period last year, the firm posted $4.41 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis.

A number of other research firms have also recently issued reports on CB. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. BMO Capital Markets upped their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Morgan Stanley raised their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, Piper Sandler reiterated an “overweight” rating and set a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Stock Down 0.2 %

NYSE CB opened at $245.38 on Thursday. The stock’s 50 day moving average is $252.33 and its 200 day moving average is $235.52. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a market cap of $99.62 billion, a PE ratio of 10.89, a P/E/G ratio of 1.14 and a beta of 0.62.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its stake in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Norges Bank acquired a new stake in Chubb in the 4th quarter valued at $957,756,000. Confluence Investment Management LLC purchased a new stake in shares of Chubb during the first quarter worth about $165,932,000. Bank of Nova Scotia increased its position in shares of Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after acquiring an additional 518,535 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.