Analysts forecast that Chubb Ltd (NYSE:CB) will announce earnings per share (EPS) of $2.58 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Chubb’s earnings, with estimates ranging from $2.27 to $2.73. Chubb posted earnings of $2.48 per share during the same quarter last year, which suggests a positive year over year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Chubb will report full year earnings of $10.76 per share for the current financial year, with EPS estimates ranging from $10.00 to $11.10. For the next financial year, analysts forecast that the firm will post earnings of $11.28 per share, with EPS estimates ranging from $9.90 to $11.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Chubb.
Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.86. The company had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.64 billion. Chubb had a return on equity of 7.52% and a net margin of 11.87%. Chubb’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.72 EPS.
In other Chubb news, insider Juan C. Andrade sold 9,373 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $146.06, for a total value of $1,369,020.38. Following the completion of the transaction, the insider now directly owns 110,195 shares in the company, valued at $16,095,081.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the transaction, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of CB. WCM Investment Management CA raised its position in shares of Chubb by 105.1% during the third quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock worth $1,587,644,000 after acquiring an additional 5,707,734 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Chubb by 247.8% during the fourth quarter. APG Asset Management N.V. now owns 1,678,420 shares of the financial services provider’s stock worth $204,253,000 after acquiring an additional 1,195,771 shares during the last quarter. Sound Shore Management Inc. CT bought a new position in shares of Chubb during the third quarter worth about $138,481,000. CI Global Investments Inc. raised its position in shares of Chubb by 175.1% during the fourth quarter. CI Global Investments Inc. now owns 887,243 shares of the financial services provider’s stock worth $129,653,000 after acquiring an additional 564,747 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Chubb by 1.5% during the fourth quarter. BlackRock Inc. now owns 30,206,383 shares of the financial services provider’s stock worth $4,414,057,000 after acquiring an additional 435,621 shares during the last quarter. Institutional investors own 86.10% of the company’s stock.
Chubb (CB) traded up $0.03 during trading hours on Tuesday, reaching $139.86. The company had a trading volume of 1,780,000 shares, compared to its average volume of 1,970,000. The firm has a market capitalization of $64,910.00, a price-to-earnings ratio of 15.86, a PEG ratio of 1.30 and a beta of 1.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. Chubb has a fifty-two week low of $133.82 and a fifty-two week high of $157.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, March 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.84 annualized dividend and a yield of 2.03%. Chubb’s dividend payout ratio is presently 32.20%.
Chubb declared that its board has approved a stock repurchase plan on Thursday, December 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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