Chubb (CB) Expected to Announce Earnings on Tuesday

Chubb (NYSE:CB) will likely be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Chubb to post earnings of $5.33 per share and revenue of $10,865,250.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Chubb (NYSE:CB) last issued its 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 $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $4.95 EPS. On average, analysts expect Chubb to post $22 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Chubb Stock Performance

Shares of CB stock opened at $269.38 on Tuesday. The firm has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average of $277.89 and a 200 day moving average of $278.49. Chubb has a 1 year low of $226.74 and a 1 year high of $302.05.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Ratings Changes

Several brokerages have weighed in on CB. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $288.17.

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.