Chubb (NYSE:CB) Posts Earnings Results, Beats Expectations By $0.34 EPS

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

Chubb Stock Performance

Shares of CB stock opened at $261.65 on Friday. Chubb has a fifty-two week low of $198.10 and a fifty-two week high of $275.41. The stock’s 50-day moving average is $262.11 and its two-hundred day moving average is $253.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.36 and a quick ratio of 0.29. The firm has a market cap of $106.24 billion, a P/E ratio of 11.61, a PEG ratio of 6.08 and a beta of 0.66.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.39%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CB shares. JPMorgan Chase & Co. increased their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities lifted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.05.

Insider Activity

In related news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at $2,036,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related 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 completion of the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last three months. 0.86% of the stock is owned by insiders.

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.