Chubb Ltd (NYSE:CB) – Equities research analysts at Langen Mcalenn lowered their Q4 2018 earnings per share estimates for Chubb in a research note issued to investors on Tuesday, December 4th. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $2.07 per share for the quarter, down from their previous estimate of $2.54.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.02. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.13) EPS.

Several other equities research analysts have also recently weighed in on the stock. Wells Fargo & Co restated a “buy” rating and issued a $169.00 price objective on shares of Chubb in a research report on Wednesday, October 10th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Deutsche Bank cut shares of Chubb from a “hold” rating to a “sell” rating and lowered their price objective for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Citigroup lowered their price objective on shares of Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Finally, ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $156.80.

CB opened at $131.48 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $60.98 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.36 and a beta of 1.01. Chubb has a 1-year low of $120.50 and a 1-year high of $157.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HL Financial Services LLC grew its holdings in Chubb by 16.6% during the second quarter. HL Financial Services LLC now owns 2,635 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 375 shares during the period. Carnegie Capital Asset Management LLC grew its holdings in Chubb by 1.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 27,622 shares of the financial services provider’s stock valued at $3,683,000 after purchasing an additional 383 shares during the period. Utah Retirement Systems grew its holdings in Chubb by 0.5% during the third quarter. Utah Retirement Systems now owns 86,212 shares of the financial services provider’s stock valued at $11,521,000 after purchasing an additional 400 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Chubb by 9.1% during the third quarter. Brown Brothers Harriman & Co. now owns 4,905 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 411 shares during the period. Finally, Tdam USA Inc. grew its holdings in Chubb by 0.8% during the third quarter. Tdam USA Inc. now owns 52,108 shares of the financial services provider’s stock valued at $6,914,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

In other news, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares in the company, valued at approximately $28,263,399.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 244,207 shares of company stock valued at $34,237,330. 0.44% of the stock is owned by corporate insiders.

Chubb declared that its Board of Directors has authorized a share buyback plan on Thursday, November 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 20th. Chubb’s dividend payout ratio is 36.36%.

Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Earnings History and Estimates for Chubb (NYSE:CB)

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