What is Roth Capital’s Forecast for Chubb FY2024 Earnings?

Chubb Limited (NYSE:CB) – Analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for Chubb in a note issued to investors on Wednesday, October 30th. Roth Capital analyst H. Fong now expects that the financial services provider will earn $22.00 per share for the year, up from their prior forecast of $21.15. The consensus estimate for Chubb’s current full-year earnings is $21.42 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.49 EPS, Q1 2025 earnings at $5.92 EPS, Q1 2026 earnings at $6.44 EPS, Q2 2026 earnings at $6.27 EPS and FY2026 earnings at $26.00 EPS.

A number of other equities research analysts also recently commented on the company. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company reduced their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $287.26.

Chubb Price Performance

Shares of NYSE:CB opened at $277.41 on Thursday. Chubb has a one year low of $215.54 and a one year high of $302.05. The stock has a fifty day moving average of $288.23 and a 200-day moving average of $270.64. The company has a market capitalization of $112.11 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 5.86 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.35.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 earnings per share.

Institutional Investors Weigh In On Chubb

Hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its stake in shares of Chubb by 3.2% in the first quarter. Valeo Financial Advisors LLC now owns 4,840 shares of the financial services provider’s stock valued at $1,254,000 after buying an additional 148 shares during the period. Norden Group LLC bought a new stake in shares of Chubb in the first quarter valued at about $1,971,000. FORVIS Wealth Advisors LLC lifted its stake in shares of Chubb by 2.8% in the first quarter. FORVIS Wealth Advisors LLC now owns 2,533 shares of the financial services provider’s stock valued at $656,000 after buying an additional 70 shares during the period. Maryland State Retirement & Pension System bought a new stake in shares of Chubb in the first quarter valued at about $7,678,000. Finally, Private Advisor Group LLC lifted its stake in shares of Chubb by 9.2% in the first quarter. Private Advisor Group LLC now owns 10,603 shares of the financial services provider’s stock valued at $2,747,000 after buying an additional 893 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. This 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 at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, September 13th. Chubb’s payout ratio is 14.91%.

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.