Chubb (NYSE:CB) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Chubb (NYSE:CB) released its quarterly earnings data on Tuesday. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12, Briefing.com reports. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.41 earnings per share.

Chubb Stock Down 4.0 %

Shares of NYSE:CB traded down $9.97 during midday trading on Wednesday, hitting $239.91. 1,002,301 shares of the company’s stock traded hands, compared to its average volume of 1,719,133. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $97.40 billion, a PE ratio of 11.01, a P/E/G ratio of 1.18 and a beta of 0.62. The firm’s fifty day moving average price is $252.64 and its two-hundred day moving average price is $235.15. Chubb has a twelve month low of $183.71 and a twelve month high of $260.58.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.43%. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb 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 directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last quarter. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CB shares. Citigroup reaffirmed a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Roth Mkm reiterated a “buy” rating and set a $280.00 target price on shares of Chubb in a research note on Wednesday. Royal Bank of Canada increased their price target on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. TD Cowen started coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating, nine 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 “Moderate Buy” and an average target price of $266.37.

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.