Research Analysts Offer Predictions for Chubb Limited’s Q3 2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Investment analysts at William Blair increased their Q3 2024 earnings per share estimates for Chubb in a report issued on Wednesday, April 24th. William Blair analyst A. Klauber now forecasts that the financial services provider will earn $4.77 per share for the quarter, up from their previous estimate of $4.68. The consensus estimate for Chubb’s current full-year earnings is $21.23 per share. William Blair also issued estimates for Chubb’s Q4 2024 earnings at $5.97 EPS, Q1 2025 earnings at $5.99 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.12 EPS and Q4 2025 earnings at $6.56 EPS.

Several other equities analysts have also issued reports on the company. BMO Capital Markets upped their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. UBS Group increased their target price on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Trading Down 0.2 %

Shares of CB opened at $245.45 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The firm has a market capitalization of $99.65 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The stock’s fifty day simple moving average is $252.33 and its 200-day simple moving average is $235.71.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.41 earnings per share.

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Chubb

Several institutional investors have recently added to or reduced their stakes in CB. ZRC Wealth Management LLC bought a new stake in Chubb in the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb during the 4th quarter valued at $32,000. Northwest Financial Advisors bought a new stake in shares of Chubb during the 4th quarter valued at $33,000. Finally, Naples Money Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at $34,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Company Profile

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.