FY2018 EPS Estimates for Chubb Ltd Lifted by Analyst (CB)

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Chubb Ltd (NYSE:CB) – Equities researchers at William Blair raised their FY2018 EPS estimates for shares of Chubb in a research report issued on Wednesday, October 24th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $9.74 for the year, up from their prior forecast of $9.57. William Blair also issued estimates for Chubb’s Q2 2019 earnings at $2.54 EPS.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.02. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same period in the previous year, the business earned ($0.13) earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year.

CB has been the subject of several other reports. Wells Fargo & Co reiterated a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Wednesday, October 10th. Citigroup cut their target price on shares of Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, Deutsche Bank lowered shares of Chubb from a “hold” rating to a “sell” rating and cut their target price for the stock from $135.00 to $126.00 in a research report on Monday, August 13th. 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 presently has an average rating of “Hold” and an average target price of $159.60.

Shares of NYSE:CB opened at $125.37 on Monday. Chubb has a 52-week low of $120.50 and a 52-week high of $157.50. The firm has a market capitalization of $56.92 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.24 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.24.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 annualized dividend and a yield of 2.33%. Chubb’s payout ratio is 36.36%.

In other news, CEO Evan G. Greenberg sold 227,994 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the sale, the chief executive officer now directly owns 1,583,326 shares in the company, valued at $222,124,804.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now owns 202,794 shares of the company’s stock, valued at $28,263,399.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,967 shares of company stock valued at $34,072,088. Company insiders own 0.44% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Chubb by 3.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock worth $1,758,976,000 after purchasing an additional 488,028 shares during the period. Bank of America Corp DE raised its stake in Chubb by 1.8% in the second quarter. Bank of America Corp DE now owns 10,153,074 shares of the financial services provider’s stock worth $1,289,643,000 after buying an additional 175,841 shares in the last quarter. American Century Companies Inc. raised its stake in Chubb by 12.3% in the second quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock worth $585,682,000 after buying an additional 504,768 shares in the last quarter. Bessemer Group Inc. raised its stake in Chubb by 0.6% in the second quarter. Bessemer Group Inc. now owns 1,850,787 shares of the financial services provider’s stock worth $235,088,000 after buying an additional 11,604 shares in the last quarter. Finally, Swiss National Bank raised its stake in Chubb by 2.7% in the second quarter. Swiss National Bank now owns 1,742,420 shares of the financial services provider’s stock worth $221,322,000 after buying an additional 45,900 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Chubb Company Profile

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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Earnings History and Estimates for Chubb (NYSE:CB)

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