What is Zacks Research’s Estimate for Chubb FY2024 Earnings?

Chubb Limited (NYSE:CB) – Zacks Research boosted their FY2024 EPS estimates for shares of Chubb in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst T. De now forecasts that the financial services provider will earn $21.64 per share for the year, up from their previous estimate of $21.38. The consensus estimate for Chubb’s current full-year earnings is $21.66 per share. Zacks Research also issued estimates for Chubb’s Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

Other equities analysts have also issued reports about the company. Roth Mkm increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $287.37.

Chubb Price Performance

Shares of NYSE:CB opened at $288.00 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb has a twelve month low of $216.90 and a twelve month high of $302.05. The company has a 50-day moving average price of $287.84 and a two-hundred day moving average price of $272.77. The firm has a market capitalization of $116.09 billion, a PE ratio of 11.79, a P/E/G ratio of 6.64 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis.

Institutional Trading of Chubb

A number of hedge funds and other institutional investors have recently modified their holdings of CB. Wellington Shields & Co. LLC acquired a new stake in shares of Chubb in the first quarter valued at about $94,000. Kingsview Wealth Management LLC grew its holdings in Chubb by 25.2% during the first quarter. Kingsview Wealth Management LLC now owns 5,303 shares of the financial services provider’s stock worth $1,374,000 after purchasing an additional 1,067 shares during the period. HBK Sorce Advisory LLC grew its holdings in Chubb by 7.1% during the first quarter. HBK Sorce Advisory LLC now owns 1,188 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 79 shares during the period. Great Lakes Retirement Inc. grew its holdings in Chubb by 3.4% during the first quarter. Great Lakes Retirement Inc. now owns 2,828 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 94 shares during the period. Finally, Trust Investment Advisors bought a new position in Chubb during the first quarter worth about $213,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 6,599 shares of Chubb stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now owns 84,101 shares of the company’s stock, valued at $24,142,033.06. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. Corporate insiders own 0.86% of the company’s stock.

About Chubb

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.