Chubb (NYSE:CB) Issues Quarterly Earnings Results

Chubb (NYSE:CB) announced its earnings results on Tuesday. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12, Briefing.com reports. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. The company’s revenue was up 14.1% on a year-over-year basis.

Chubb Stock Down 2.7 %

CB stock opened at $243.01 on Thursday. The company has a 50-day moving average of $252.54 and a two-hundred day moving average of $235.21. The stock has a market capitalization of $98.66 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb has a 52-week low of $183.71 and a 52-week high of $260.58.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.27%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CB. JMP Securities reissued a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Wells Fargo & Company boosted their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. UBS Group boosted their price target on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Royal Bank of Canada boosted their price target on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company’s stock.

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.