Chubb (NYSE:CB) Posts Quarterly Earnings Results, Beats Expectations By $0.74 EPS

Chubb (NYSE:CB) announced its earnings results on Tuesday. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74, Briefing.com reports. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.

Chubb Stock Down 0.4 %

CB stock opened at $282.44 on Friday. The company has a market capitalization of $114.15 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 5.86 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.35. The business’s 50 day moving average price is $288.20 and its two-hundred day moving average price is $270.41. Chubb has a fifty-two week low of $212.82 and a fifty-two week high of $302.05.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 14.91%.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CB shares. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Finally, Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $286.47.

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.