$2.63 Earnings Per Share Expected for Chubb Ltd (CB) This Quarter
Wall Street brokerages expect Chubb Ltd (NYSE:CB) to post earnings of $2.63 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 $2.70 and the lowest estimate coming in at $2.48. Chubb posted earnings per share of $2.50 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The company is expected to report its next earnings results after the market closes on Tuesday, July 24th.
On average, analysts expect that Chubb will report full-year earnings of $10.43 per share for the current fiscal year, with EPS estimates ranging from $10.20 to $10.81. For the next year, analysts forecast that the business will post earnings of $11.18 per share, with EPS estimates ranging from $10.50 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 issued its earnings results on Tuesday, April 24th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.08. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Chubb had a net margin of 11.73% and a return on equity of 7.29%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.48 EPS.
In other Chubb news, Director Michael G. Atieh sold 920 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $130.86, for a total value of $120,391.20. Following the transaction, the director now owns 40,561 shares of the company’s stock, valued at $5,307,812.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 135 shares of company stock valued at $19,612 in the last ninety days. Insiders own 0.44% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CB. Clarus Wealth Advisors acquired a new stake in shares of Chubb in the second quarter valued at approximately $113,000. Bedel Financial Consulting Inc. bought a new stake in Chubb during the first quarter worth $128,000. Fairfield Bush & CO. bought a new stake in Chubb during the first quarter worth $137,000. Adviser Investments LLC bought a new stake in Chubb during the first quarter worth $140,000. Finally, Institutional & Family Asset Management LLC bought a new stake in Chubb during the first quarter worth $173,000. 90.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chubb traded down $0.38, reaching $132.14, during midday trading on Friday, according to Marketbeat.com. The stock had a trading volume of 1,134,232 shares, compared to its average volume of 2,012,501. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $61.55 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.01. Chubb has a 12-month low of $123.96 and a 12-month high of $157.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 13th. Stockholders of record on Friday, June 22nd were issued a dividend of $0.73 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, June 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.21%. Chubb’s dividend payout ratio is presently 36.36%.
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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