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

Chubb Limited (NYSE:CB) – Equities research analysts at Roth Capital cut their Q3 2024 earnings per share estimates for shares of Chubb in a report released on Wednesday, April 24th. Roth Capital analyst H. Fong now anticipates that the financial services provider will post earnings per share of $4.65 for the quarter, down from their prior estimate 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 posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The business 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 business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $4.41 earnings per share.

A number of other brokerages also recently commented on CB. JMP Securities reissued a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Raymond James upped their price target on Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, HSBC reaffirmed a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Price Performance

NYSE:CB opened at $243.01 on Thursday. The stock has a market cap of $98.66 billion, a PE ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 0.62. Chubb has a 52 week low of $183.71 and a 52 week high of $260.58. 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 business’s 50-day simple moving average is $252.54 and its two-hundred day simple moving average is $235.21.

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Several hedge funds have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares during the period. Norges Bank purchased a new position in shares of Chubb during the 4th quarter worth approximately $957,756,000. Confluence Investment Management LLC purchased a new position in shares of Chubb during the 1st quarter worth approximately $165,932,000. Bank of Nova Scotia boosted its position in shares of Chubb by 198.8% during the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.