Wall Street analysts predict that Chubb Ltd (NYSE:CB) will post earnings of $2.66 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chubb’s earnings. The highest EPS estimate is $2.90 and the lowest is $2.48. Chubb reported earnings of ($0.13) per share in the same quarter last year, which would indicate a positive year over year growth rate of 2,146.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Chubb will report full-year earnings of $10.41 per share for the current fiscal year, with EPS estimates ranging from $10.20 to $10.79. For the next financial year, analysts forecast that the company will post earnings of $11.14 per share, with EPS estimates ranging from $10.30 to $11.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Chubb.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.06. Chubb had a return on equity of 7.41% and a net margin of 11.53%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter last year, the firm posted $2.50 EPS. The company’s revenue was up 5.6% compared to the same quarter last year.

Several research firms have weighed in on CB. ValuEngine cut Chubb from a “hold” rating to a “sell” rating in a report on Tuesday, May 29th. Deutsche Bank cut Chubb from a “hold” rating to a “sell” rating and lowered their price target for the company from $135.00 to $126.00 in a report on Monday, August 13th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Chubb in a report on Wednesday, August 8th. Citigroup lowered their price target on Chubb from $157.00 to $151.00 and set a “buy” rating on the stock in a report on Thursday, July 12th. Finally, Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Chubb presently has an average rating of “Hold” and a consensus target price of $160.09.

NYSE:CB opened at $134.04 on Friday. Chubb has a twelve month low of $123.96 and a twelve month high of $157.50. The stock has a market capitalization of $62.95 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 21st will be given a $0.73 dividend. The ex-dividend date is Thursday, September 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.18%. Chubb’s dividend payout ratio is currently 36.36%.

In other news, Director Michael G. Atieh sold 920 shares of Chubb stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $130.86, for a total value of $120,391.20. Following the sale, the director now directly owns 40,561 shares in the company, valued at approximately $5,307,812.46. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders bought 135 shares of company stock worth $19,612 and sold 1,048 shares worth $138,338. 0.44% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of CB. WCM Investment Management CA grew its position in shares of Chubb by 94.4% in the 1st quarter. WCM Investment Management CA now owns 23,004,754 shares of the financial services provider’s stock worth $3,146,362,000 after buying an additional 11,169,592 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Chubb in the 2nd quarter worth approximately $95,936,000. CI Global Investments Inc. grew its position in shares of Chubb by 72.9% in the 1st quarter. CI Global Investments Inc. now owns 1,753,343 shares of the financial services provider’s stock worth $239,805,000 after buying an additional 739,045 shares during the last quarter. American Century Companies Inc. grew its position in shares of Chubb by 12.3% in the 2nd quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock worth $585,682,000 after buying an additional 504,768 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Chubb by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock worth $1,758,976,000 after buying an additional 488,028 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Chubb

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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