Chubb (NYSE:CB) Releases Earnings Results, Beats Expectations By $0.48 EPS

Chubb (NYSE:CB) posted its quarterly earnings data on Tuesday. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.48, Zacks reports. Chubb had a net margin of 18.10% and a return on equity of 14.55%. The company had revenue of $14.71 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the company posted $6.14 earnings per share. Chubb’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Chubb Stock Performance

Shares of CB stock opened at $345.26 on Thursday. Chubb has a 12 month low of $264.10 and a 12 month high of $365.29. The firm has a market capitalization of $133.91 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.84 and a beta of 0.40. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $334.18 and a two-hundred day simple moving average of $326.56.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.41%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Chubb

A number of institutional investors and hedge funds have recently bought and sold shares of CB. Axxcess Wealth Management LLC boosted its holdings in Chubb by 114.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 4,762 shares of the financial services provider’s stock worth $1,486,000 after purchasing an additional 2,543 shares during the last quarter. Corient Private Wealth LLC increased its stake in Chubb by 10.3% in the 4th quarter. Corient Private Wealth LLC now owns 446,080 shares of the financial services provider’s stock valued at $129,248,000 after buying an additional 41,562 shares during the last quarter. Royal Capital Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $211,000. Blue Sparrow LLC DE bought a new position in shares of Chubb during the 4th quarter worth approximately $9,014,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Chubb by 23.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 100,848 shares of the financial services provider’s stock worth $32,402,000 after buying an additional 19,237 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb posted Q2 core operating EPS of $7.26, beating estimates, while underwriting profit improved, catastrophe losses declined, and record investment income boosted results. Article Title
• Positive Sentiment: Analysts remained constructive after earnings, with Goldman Sachs reiterating a Buy and Citizens JMP reaffirming Market Outperform with a $400 price target, implying additional upside from current levels. Article Title
• Positive Sentiment: JPMorgan also raised its price target on Chubb to $370, signaling continued confidence in the company’s earnings power and business mix. Article Title
• Positive Sentiment: Chubb’s latest earnings call and related coverage emphasized strong core EPS, resilient underwriting, and solid profitability, which investors often view as supportive for an insurer’s valuation. Article Title
• Neutral Sentiment: The company’s revenue of $14.71 billion came in below expectations, and P&C premiums/major account softness remain a watch item for investors. Article Title
• Neutral Sentiment: Chubb’s inclusion in coverage about reliable dividend growers may appeal to income investors, but it is more of a long-term profile note than a near-term stock catalyst. Article Title

Analysts Set New Price Targets

A number of brokerages have weighed in on CB. Piper Sandler increased their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 target price on shares of Chubb in a research note on Wednesday. Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Mizuho increased their price target on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $360.09.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.