Roth Capital Analysts Decrease Earnings Estimates for Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB) – Stock analysts at Roth Capital reduced their Q3 2024 earnings per share (EPS) estimates for shares of Chubb in a report issued on Wednesday, April 24th. Roth Capital analyst H. Fong now forecasts that the financial services provider will earn $4.65 per share for the quarter, down from their prior forecast of $4.74. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.76 EPS, Q1 2025 earnings at $6.01 EPS, Q2 2025 earnings at $5.87 EPS and FY2025 earnings at $24.30 EPS.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the prior year, the firm earned $4.41 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year.

CB has been the topic of a number of other research reports. Roth Mkm reiterated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research report on Wednesday. Evercore ISI upped their price target on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group upped their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Royal Bank of Canada upped their price target on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

Shares of CB opened at $243.01 on Thursday. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The business has a 50-day simple moving average of $252.54 and a two-hundred day simple moving average of $235.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market cap of $98.66 billion, a PE ratio of 11.13, a PEG ratio of 1.18 and a beta of 0.62.

Hedge Funds Weigh In On Chubb

Several institutional investors and hedge funds have recently bought and sold shares of CB. Rossmore Private Capital boosted its stake in Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after buying an additional 41 shares during the period. MCF Advisors LLC grew its position in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock worth $237,000 after buying an additional 42 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Chubb by 11.1% during the first quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock worth $109,000 after buying an additional 42 shares in the last quarter. Angeles Investment Advisors LLC grew its position in Chubb by 2.1% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock worth $460,000 after buying an additional 42 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly 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 SEC, which is accessible through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following 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 sold a total of 116,043 shares of company stock valued at $29,766,694 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.