Roth Capital Weighs in on Chubb’s FY2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities research analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of Chubb in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst H. Fong now expects that the financial services provider will post earnings per share of $22.00 for the year, up from their prior estimate of $21.15. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.49 EPS, Q1 2025 earnings at $5.92 EPS, Q1 2026 earnings at $6.44 EPS, Q2 2026 earnings at $6.27 EPS and FY2026 earnings at $26.00 EPS.

Several other research firms have also weighed in on CB. Barclays assumed coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $286.47.

Chubb Stock Down 0.4 %

Shares of NYSE:CB opened at $282.44 on Thursday. The firm has a market cap of $114.14 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 5.87 and a beta of 0.66. Chubb has a 12-month low of $212.82 and a 12-month high of $302.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $288.20 and its two-hundred day moving average price is $270.41.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.93 by $0.79. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company earned $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis.

Chubb Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock worth $24,874,208 in the last three months. 0.86% of the stock is owned by insiders.

Institutional Investors Weigh In On Chubb

A number of institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in Chubb during the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 2nd quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC acquired a new position in Chubb during the 1st quarter valued at approximately $29,000. 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.