Chubb (NYSE:CB) Issues Earnings Results

Chubb (NYSE:CB) released its earnings results on Tuesday. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34, Briefing.com reports. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the firm earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year.

Chubb Stock Up 0.8 %

CB stock opened at $263.58 on Friday. The stock has a market cap of $107.03 billion, a P/E ratio of 11.61, a PEG ratio of 6.08 and a beta of 0.66. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Chubb has a twelve month low of $198.10 and a twelve month high of $275.41. The company’s 50 day moving average is $262.11 and its two-hundred day moving average is $253.11.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.38%. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio is 16.16%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CB. Morgan Stanley decreased their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. HSBC reissued a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada lifted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $270.05.

Insider Activity

In related news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,552 shares of company stock worth $12,149,985. Corporate insiders own 0.86% of the company’s stock.

About Chubb

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.