Wall Street brokerages expect Chubb Ltd (NYSE:CB) to post earnings of $2.66 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Chubb’s earnings, with the highest EPS estimate coming in at $2.90 and the lowest estimate coming in at $2.48. Chubb posted earnings per share of ($0.13) in the same quarter last year, which would suggest a positive year-over-year growth rate of 2,146.2%. The company is expected to report its next earnings results after the market closes on Tuesday, October 23rd.

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 year, analysts forecast that the business will post earnings of $11.14 per share, with EPS estimates ranging from $10.30 to $11.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Chubb.

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

Several equities analysts have recently commented on CB shares. Barclays decreased their target price on Chubb from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Credit Suisse Group started coverage on Chubb in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 target price on the stock. Wells Fargo & Co reaffirmed a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Tuesday, July 24th. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Finally, Atlantic Securities raised Chubb from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $160.09.

In related news, CEO Evan G. Greenberg sold 227,994 shares of the 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 $222,124,804.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy Alan Boroughs sold 14,971 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total value of $2,086,508.27. Following the sale, the insider now directly owns 202,794 shares in the company, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last three months, insiders have purchased 132 shares of company stock worth $19,177 and have sold 243,093 shares worth $34,089,733. Corporate insiders own 0.44% of the company’s stock.

A number of large investors have recently modified their holdings of CB. Jupiter Asset Management Ltd. lifted its stake in shares of Chubb by 7.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 167,562 shares of the financial services provider’s stock valued at $21,287,000 after acquiring an additional 11,576 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Chubb by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,692,468 shares of the financial services provider’s stock valued at $214,978,000 after acquiring an additional 57,238 shares during the last quarter. Swiss National Bank lifted its stake in shares of Chubb by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,742,420 shares of the financial services provider’s stock valued at $221,322,000 after acquiring an additional 45,900 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Chubb by 378.2% in the 2nd quarter. Private Advisor Group LLC now owns 19,942 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 15,772 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Chubb by 14.6% in the 2nd quarter. Brown Advisory Inc. now owns 77,175 shares of the financial services provider’s stock valued at $9,803,000 after acquiring an additional 9,812 shares during the last quarter. 85.71% of the stock is currently owned by institutional investors and hedge funds.

NYSE CB traded down $0.46 during trading on Friday, reaching $136.62. 20,356 shares of the company’s stock were exchanged, compared to its average volume of 1,147,520. Chubb has a fifty-two week low of $123.96 and a fifty-two week high of $157.50. 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 company has a market cap of $64.79 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, September 20th. Chubb’s dividend payout ratio is currently 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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