Chubb Limited Forecasted to Post FY2024 Earnings of $21.33 Per Share (NYSE:CB)

Chubb Limited (NYSE:CB) – Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Chubb in a report released on Thursday, September 26th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $21.33 per share for the year, up from their prior forecast of $21.12. The consensus estimate for Chubb’s current full-year earnings is $21.21 per share. Zacks Research also issued estimates for Chubb’s Q3 2025 earnings at $5.75 EPS, Q4 2025 earnings at $5.89 EPS, FY2025 earnings at $23.14 EPS, Q1 2026 earnings at $6.04 EPS and FY2026 earnings at $23.89 EPS.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.92 EPS.

A number of other analysts also recently commented on CB. JPMorgan Chase & Co. upped their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Bank of America increased their price target on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, Morgan Stanley lowered their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average target price of $274.70.

Chubb Trading Down 0.1 %

Shares of NYSE:CB opened at $289.57 on Monday. The business’s 50-day moving average is $278.57 and its 200 day moving average is $264.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $117.58 billion, a P/E ratio of 12.85, a P/E/G ratio of 5.74 and a beta of 0.66. Chubb has a 1 year low of $204.15 and a 1 year high of $294.18.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its holdings in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after purchasing an additional 2,064,730 shares in the last quarter. Capital World Investors boosted its holdings in Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Chubb in the 1st quarter valued at approximately $165,932,000. Lazard Asset Management LLC boosted its holdings in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Chubb in the 4th quarter valued at approximately $97,207,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

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.