FY2028 Earnings Forecast for Chubb Issued By DOWLING & PARTN

Chubb Limited (NYSE:CB) – DOWLING & PARTN issued their FY2028 earnings estimates for shares of Chubb in a research note issued on Friday, July 24th. DOWLING & PARTN analyst B. Sullivan expects that the financial services provider will post earnings of $32.25 per share for the year. The consensus estimate for Chubb’s current full-year earnings is $27.15 per share.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $16.01 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.14 earnings per share.

A number of other research firms have also recently commented on CB. Piper Sandler raised their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, Jefferies Financial Group reduced their target price on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $360.09.

Chubb Stock Down 0.2%

CB opened at $359.00 on Tuesday. The company has a fifty day moving average of $336.13 and a two-hundred day moving average of $327.52. The stock has a market capitalization of $139.24 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.80 and a beta of 0.40. Chubb has a fifty-two week low of $264.10 and a fifty-two week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36.

Institutional Investors Weigh In On Chubb

Several large investors have recently bought and sold shares of CB. Spire Wealth Management grew its position in shares of Chubb by 490.5% in the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares during the last quarter. waypoint wealth counsel lifted its position in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares in the last quarter. National Pension Service lifted its position in Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after buying an additional 225,515 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 8,947 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given 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 annualized dividend and a dividend yield of 1.1%. Chubb’s payout ratio is currently 14.43%.

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.