Zacks: Brokerages Expect Chubb Ltd (CB) to Post $2.67 EPS

Wall Street analysts expect Chubb Ltd (NYSE:CB) to report $2.67 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Chubb’s earnings. The highest EPS estimate is $2.80 and the lowest is $2.50. Chubb posted earnings per share of $2.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The business is expected to report its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Chubb will report full year earnings of $10.79 per share for the current financial year, with EPS estimates ranging from $10.30 to $11.35. For the next financial year, analysts forecast that the business will report earnings of $11.50 per share, with EPS estimates ranging from $10.60 to $12.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Chubb.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.09. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.80 billion. Chubb had a return on equity of 8.66% and a net margin of 11.72%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.17 earnings per share.

A number of equities research analysts have weighed in on CB shares. Compass Point started coverage on Chubb in a report on Tuesday, January 15th. They issued a “buy” rating and a $165.00 target price for the company. Deutsche Bank lowered their target price on Chubb from $123.00 to $121.00 and set a “sell” rating for the company in a report on Monday, January 7th. Credit Suisse Group downgraded Chubb from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $141.00 to $131.00 in a report on Wednesday, February 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $160.00 target price on shares of Chubb in a report on Monday, December 3rd. Finally, Zacks Investment Research cut Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $152.70.

In other news, insider John J. Lupica sold 17,879 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now owns 192,265 shares of the company’s stock, valued at approximately $25,946,161.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Bennett Medini sold 2,437 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $133.94, for a total value of $326,411.78. Following the completion of the transaction, the insider now directly owns 95,101 shares of the company’s stock, valued at approximately $12,737,827.94. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CB. Claybrook Capital LLC bought a new position in Chubb during the 4th quarter valued at approximately $25,000. Gradient Investments LLC increased its position in Chubb by 260.0% during the 4th quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock valued at $28,000 after buying an additional 156 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in Chubb by 114.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after buying an additional 117 shares in the last quarter. Executive Wealth Management LLC bought a new position in Chubb during the 4th quarter valued at approximately $29,000. Finally, Portfolio Solutions LLC bought a new position in Chubb during the 4th quarter valued at approximately $32,000. 88.64% of the stock is owned by institutional investors.

CB stock traded down $0.31 during mid-day trading on Wednesday, reaching $136.32. The company’s stock had a trading volume of 501,147 shares, compared to its average volume of 1,448,245. The company has a market cap of $62.62 billion, a P/E ratio of 14.44, a PEG ratio of 1.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. Chubb has a 12 month low of $119.54 and a 12 month high of $141.22.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $2.92 dividend on an annualized basis and a yield of 2.14%. Chubb’s dividend payout ratio (DPR) is presently 30.93%.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

Recommended Story: Bollinger Bands

Get a free copy of the Zacks research report on Chubb (CB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.