Chubb (CB) Releases Quarterly Earnings Results
Chubb (NYSE:CB) posted its earnings results on Tuesday. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.08, Briefing.com reports. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the firm earned $2.48 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year.
Shares of CB stock traded down $2.19 during trading hours on Tuesday, hitting $136.10. 2,451,739 shares of the company were exchanged, compared to its average volume of 1,758,905. 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 52-week low of $131.14 and a 52-week high of $157.50. The firm has a market cap of $63,896.09, a P/E ratio of 16.95, a PEG ratio of 1.34 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Friday, April 20th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.71 per share. The ex-dividend date was Wednesday, March 28th. This represents a $2.84 annualized dividend and a dividend yield of 2.09%. Chubb’s payout ratio is currently 35.37%.
CB has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Chubb from $169.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Wells Fargo reissued a “buy” rating and set a $169.00 target price on shares of Chubb in a research report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $170.00 target price on shares of Chubb in a research report on Wednesday, January 31st. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Finally, Deutsche Bank decreased their price target on shares of Chubb from $149.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Chubb currently has an average rating of “Buy” and an average price target of $161.54.
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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