Chubb (NYSE:CB) Releases Quarterly Earnings Results, Beats Expectations By $0.87 EPS

Chubb (NYSE:CB) announced its quarterly earnings results on Tuesday. The financial services provider reported $7.66 EPS for the quarter, beating analysts’ consensus estimates of $6.79 by $0.87, Zacks reports. Chubb had a net margin of 18.10% and a return on equity of 14.47%.

Chubb Price Performance

Chubb stock traded up $0.78 during midday trading on Tuesday, reaching $357.05. 2,194,400 shares of the stock were exchanged, compared to its average volume of 1,707,460. Chubb has a 52 week low of $266.40 and a 52 week high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $137.75 billion, a PE ratio of 12.63, a PEG ratio of 1.57 and a beta of 0.36. The company’s fifty day moving average is $340.62 and its 200-day moving average is $336.68.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CB. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. The Goldman Sachs Group increased their target price on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their target price on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods reduced their price target on Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $358.36.

Insider Buying and Selling at Chubb

In other news, EVP Joseph Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by company insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.