Q4 2022 EPS Estimates for Chubb Limited Lowered by Analyst (NYSE:CB)

Chubb Limited (NYSE:CBGet Rating) – Equities researchers at William Blair dropped their Q4 2022 earnings per share (EPS) estimates for shares of Chubb in a research report issued to clients and investors on Wednesday, July 27th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $3.72 for the quarter, down from their prior forecast of $3.84. The consensus estimate for Chubb’s current full-year earnings is $14.85 per share. William Blair also issued estimates for Chubb’s Q1 2023 earnings at $4.15 EPS.

CB has been the topic of a number of other reports. Raymond James reissued a “maintains” rating on shares of Chubb in a research note on Thursday. Citigroup began coverage on Chubb in a research note on Monday, May 23rd. They issued a “neutral” rating and a $209.00 price objective on the stock. Morgan Stanley cut their price objective on Chubb from $224.00 to $216.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. Barclays dropped their price target on Chubb from $250.00 to $249.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Finally, Royal Bank of Canada reaffirmed a “maintains” rating on shares of Chubb in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Moderate Buy” and an average price target of $230.85.

Chubb Stock Up 1.8 %

Shares of CB stock opened at $188.64 on Monday. The stock’s 50 day simple moving average is $196.15 and its 200 day simple moving average is $202.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. Chubb has a twelve month low of $168.04 and a twelve month high of $218.99. The company has a market capitalization of $79.93 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.27 and a beta of 0.74.

Chubb (NYSE:CBGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.57. Chubb had a return on equity of 10.65% and a net margin of 17.36%. During the same period in the prior year, the business posted $3.62 EPS.

Hedge Funds Weigh In On Chubb

Several institutional investors have recently bought and sold shares of CB. Enterprise Trust & Investment Co bought a new stake in shares of Chubb during the second quarter worth $25,000. Howe & Rusling Inc. boosted its position in Chubb by 207.0% during the first quarter. Howe & Rusling Inc. now owns 132 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 89 shares during the last quarter. Advanced Research Investment Solutions LLC acquired a new position in Chubb during the first quarter valued at approximately $29,000. Heritage Financial Services LLC acquired a new position in Chubb during the second quarter valued at approximately $29,000. Finally, FinTrust Capital Advisors LLC acquired a new position in Chubb during the first quarter valued at approximately $33,000. Institutional investors own 88.86% of the company’s stock.

Insider Transactions at Chubb

In other news, Director Michael G. Atieh sold 500 shares of Chubb stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $203.49, for a total transaction of $101,745.00. Following the sale, the director now owns 38,340 shares of the company’s stock, valued at approximately $7,801,806.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael G. Atieh sold 500 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $203.49, for a total value of $101,745.00. Following the sale, the director now owns 38,340 shares of the company’s stock, valued at approximately $7,801,806.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodore Shasta sold 812 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $209.18, for a total value of $169,854.16. Following the completion of the sale, the director now directly owns 15,488 shares in the company, valued at approximately $3,239,779.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,824 shares of company stock valued at $29,574,333. 0.39% of the stock is owned by corporate insiders.

Chubb declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 19th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 17th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, June 16th. This is a positive change from Chubb’s previous quarterly dividend of $0.80. Chubb’s dividend payout ratio (DPR) is presently 20.02%.

Chubb Company Profile

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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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Earnings History and Estimates for Chubb (NYSE:CB)

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