Zacks Research Brokers Increase Earnings Estimates for Chubb

Chubb Limited (NYSE:CB) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of Chubb in a note issued to investors on Tuesday, November 12th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $21.64 per share for the year, up from their prior estimate of $21.38. The consensus estimate for Chubb’s current full-year earnings is $21.64 per share. Zacks Research also issued estimates for Chubb’s Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

A number of other research analysts have also recently commented on the company. Roth Mkm upped their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $287.37.

Chubb Price Performance

Chubb stock opened at $286.90 on Thursday. The business’s 50 day simple moving average is $287.84 and its 200 day simple moving average is $272.67. Chubb has a 12 month low of $216.26 and a 12 month high of $302.05. The company has a market cap of $115.65 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 6.64 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the company earned $4.95 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Beacon Capital Management LLC boosted its holdings 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 acquiring an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Chubb in the first quarter worth approximately $25,000. Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter worth approximately $29,000. Chilton Capital Management LLC purchased a new position in shares of Chubb in the second quarter worth $26,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the sale, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

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.