Brokers Issue Forecasts for Chubb Limited’s Q2 2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities researchers at Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for shares of Chubb in a research note issued on Wednesday, April 24th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings per share of $5.03 for the quarter, down from their previous forecast of $5.09. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q3 2025 earnings at $5.80 EPS and Q4 2025 earnings at $6.62 EPS.

Several other equities analysts also recently weighed in on CB. UBS Group raised their price target on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target for the company. BMO Capital Markets raised their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Stock Performance

NYSE CB opened at $245.38 on Friday. Chubb has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a market capitalization of $99.62 billion, a P/E ratio of 10.89, a PEG ratio of 1.14 and a beta of 0.62. The business has a 50 day moving average price of $252.33 and a 200 day moving average price of $235.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating 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 firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the business posted $4.41 EPS. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis.

Institutional Trading of Chubb

Several institutional investors and hedge funds have recently bought and sold shares of the company. Americana Partners LLC acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC raised its position in shares of Chubb by 978.1% during the 3rd 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 during the period. Alphinity Investment Management Pty Ltd increased its position in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the period. Graypoint LLC increased its position in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in Chubb in the 4th quarter valued at approximately $1,403,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the 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 transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.86% of the stock is owned by corporate insiders.

Chubb Dividend Announcement

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

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.