Chubb Ltd (NYSE:CB) – William Blair cut their Q4 2018 EPS estimates for Chubb in a research report issued on Monday, October 22nd. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $2.47 per share for the quarter, down from their prior estimate of $2.48.
Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.06. The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.50 earnings per share.
Other equities research analysts also recently issued reports about the stock. Citigroup increased their price objective on shares of Chubb from $151.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Wells Fargo & Co reiterated a “buy” rating and set a $169.00 price objective on shares of Chubb in a research note on Tuesday, July 24th. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Credit Suisse Group initiated coverage on shares of Chubb in a research note on Tuesday, August 7th. They set a “neutral” rating and a $150.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Chubb currently has a consensus rating of “Hold” and a consensus price target of $159.45.
Shares of Chubb stock opened at $127.13 on Tuesday. The stock has a market cap of $59.15 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. Chubb has a 12-month low of $123.23 and a 12-month high of $157.50.
The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.30%. Chubb’s payout ratio is currently 36.36%.
In other news, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total value of $31,985,278.26. Following the sale, the chief executive officer now directly owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares in the company, valued at $28,263,399.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,093 shares of company stock worth $34,089,733. 0.44% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Kidder Stephen W boosted its stake in shares of Chubb by 0.7% in the 2nd quarter. Kidder Stephen W now owns 48,951 shares of the financial services provider’s stock valued at $6,219,000 after purchasing an additional 360 shares in the last quarter. HL Financial Services LLC raised its holdings in Chubb by 16.6% in the 2nd quarter. HL Financial Services LLC now owns 2,635 shares of the financial services provider’s stock valued at $335,000 after buying an additional 375 shares during the last quarter. Carnegie Capital Asset Management LLC raised its holdings in Chubb by 1.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 27,622 shares of the financial services provider’s stock valued at $3,683,000 after buying an additional 383 shares during the last quarter. Intact Investment Management Inc. raised its holdings in Chubb by 12.1% in the 2nd quarter. Intact Investment Management Inc. now owns 3,700 shares of the financial services provider’s stock valued at $470,000 after buying an additional 400 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Chubb by 6.5% in the 2nd quarter. Private Trust Co. NA now owns 6,689 shares of the financial services provider’s stock valued at $849,000 after buying an additional 410 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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