Q3 2024 Earnings Forecast for Chubb Limited (NYSE:CB) Issued By Roth Capital

Chubb Limited (NYSE:CB) – Stock analysts at Roth Capital lowered their Q3 2024 earnings estimates for Chubb in a research report issued on Wednesday, April 24th. Roth Capital analyst H. Fong now forecasts that the financial services provider will post earnings per share of $4.65 for the quarter, down from their previous forecast of $4.74. The consensus estimate for Chubb’s current full-year earnings is $21.32 per share. Roth Capital also issued estimates for Chubb’s Q4 2024 earnings at $5.76 EPS, Q1 2025 earnings at $6.01 EPS, Q2 2025 earnings at $5.87 EPS and FY2025 earnings at $24.30 EPS.

CB has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. UBS Group boosted their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Trading Down 0.2 %

NYSE CB opened at $245.38 on Thursday. Chubb has a one year low of $183.71 and a one year high of $260.58. The firm has a 50 day simple moving average of $252.33 and a 200-day simple moving average of $235.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.35. The firm has a market cap of $99.62 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.14 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the firm posted $4.41 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Institutional Investors Weigh In On Chubb

Several hedge funds and other institutional investors have recently bought and sold shares of CB. Americana Partners LLC purchased a new position in Chubb in the 3rd quarter worth about $292,000. Lazard Asset Management LLC lifted its holdings in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd lifted its holdings in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after buying an additional 324,019 shares during the last quarter. Graypoint LLC lifted its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Chubb in the 4th quarter worth approximately $1,403,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. In the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by insiders.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.27%.

About Chubb

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.