Chubb (NYSE:CB) Posts Earnings Results, Beats Estimates By $0.87 EPS

Chubb (NYSE:CB) issued its quarterly earnings results on Tuesday. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.79 by $0.87, Zacks reports. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.71 billion. During the same period in the prior year, the firm posted $7.49 EPS.

Chubb Trading Up 0.2%

CB opened at $357.05 on Wednesday. The stock’s fifty day moving average is $340.82 and its two-hundred day moving average is $336.89. The company has a market capitalization of $137.75 billion, a P/E ratio of 12.63, a PEG ratio of 1.56 and a beta of 0.36. Chubb has a 52 week low of $266.40 and a 52 week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Evercore reaffirmed an “outperform” rating and set a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $333.00 target price on shares of Chubb in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Finally, Morgan Stanley cut their price target on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $358.36.

Insiders Place Their Bets

In other news, 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 transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph Wayland sold 8,502 shares of the firm’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 in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

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.