Research Analysts Issue Forecasts for Chubb Q3 Earnings

Chubb Limited (NYSE:CB) – Investment analysts at Zacks Research raised their Q3 2024 earnings estimates for Chubb in a research report issued on Thursday, October 24th. Zacks Research analyst T. De now expects that the financial services provider will earn $4.87 per share for the quarter, up from their prior forecast of $4.84. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Zacks Research also issued estimates for Chubb’s Q4 2024 earnings at $5.73 EPS, FY2024 earnings at $21.38 EPS, Q1 2025 earnings at $5.76 EPS, Q2 2025 earnings at $5.84 EPS, Q3 2025 earnings at $5.78 EPS, FY2025 earnings at $23.27 EPS, Q2 2026 earnings at $6.41 EPS and Q3 2026 earnings at $5.73 EPS.

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

A number of other equities analysts have also weighed in on the company. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $290.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.37.

Chubb Trading Down 2.0 %

Shares of NYSE:CB opened at $287.99 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb has a 1 year low of $207.46 and a 1 year high of $302.05. The company has a market cap of $116.94 billion, a P/E ratio of 12.78, a PEG ratio of 5.87 and a beta of 0.66. The stock’s fifty day moving average price is $286.86 and its 200-day moving average price is $269.08.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.91 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s payout ratio is currently 16.16%.

Insider Transactions at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chubb news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pathway Financial Advisers LLC bought a new position in Chubb during the first quarter valued at $25,000. Beacon Capital Management LLC grew its position in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Chubb during the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the second quarter valued at approximately $28,000. Finally, Wellington Shields Capital Management LLC bought a new stake in shares of Chubb in the 1st quarter valued at approximately $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.