Chubb Corp. to Post Q2 2017 Earnings of $2.41 Per Share, William Blair Forecasts (CB)
Chubb Corp. (NYSE:CB) – Analysts at William Blair reduced their Q2 2017 EPS estimates for shares of Chubb Corp. in a research note issued to investors on Wednesday. William Blair analyst A. Klauber now expects that the brokerage will earn $2.41 per share for the quarter, down from their previous forecast of $2.50. William Blair has a “Underperform” rating on the stock. William Blair also issued estimates for Chubb Corp.’s FY2017 earnings at $9.87 EPS.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.30. The firm earned $7.57 billion during the quarter, compared to the consensus estimate of $7.36 billion. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. Chubb Corp.’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 earnings per share.
Other analysts have also issued reports about the company. Morgan Stanley increased their price objective on Chubb Corp. from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Zacks Investment Research lowered Chubb Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, Barclays PLC increased their price objective on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Chubb Corp. has a consensus rating of “Buy” and a consensus price target of $132.00.
Shares of Chubb Corp. (NYSE:CB) traded up 0.65% on Friday, reaching $126.15. The company had a trading volume of 965,116 shares. The firm has a market capitalization of $58.70 billion, a PE ratio of 16.90 and a beta of 0.86. The company has a 50-day moving average price of $124.88 and a 200-day moving average price of $125.86. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00.
A number of large investors have recently added to or reduced their stakes in CB. M&R Capital Management Inc. increased its stake in Chubb Corp. by 4.5% in the first quarter. M&R Capital Management Inc. now owns 3,030 shares of the company’s stock worth $361,000 after buying an additional 130 shares during the last quarter. Euclid Advisors LLC increased its stake in Chubb Corp. by 65.9% in the first quarter. Euclid Advisors LLC now owns 72,059 shares of the company’s stock worth $8,586,000 after buying an additional 28,629 shares during the last quarter. Avalon Advisors LLC bought a new stake in Chubb Corp. during the first quarter worth $12,318,000. Quantum Capital Management bought a new stake in Chubb Corp. during the first quarter worth $218,000. Finally, AIMZ Investment Advisors LLC bought a new stake in Chubb Corp. during the first quarter worth $262,000. 87.08% of the stock is currently owned by institutional investors.
In related news, Director David H. Sidwell acquired 830 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were bought at an average cost of $124.90 per share, with a total value of $103,667.00. Following the completion of the acquisition, the director now owns 7,386 shares of the company’s stock, valued at $922,511.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, December 30th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.20%. Chubb Corp.’s dividend payout ratio is 36.90%.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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