Chubb (CB) Set to Announce Earnings on Tuesday
Chubb (NYSE:CB) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 23rd. Analysts expect Chubb to post earnings of $2.66 per share for the quarter.
Chubb (NYSE:CB) last released its earnings results on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter in the previous year, the company earned $2.50 EPS. Chubb’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts expect Chubb to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
CB opened at $124.64 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. Chubb has a fifty-two week low of $123.23 and a fifty-two week high of $157.50. The firm has a market cap of $61.91 billion, a P/E ratio of 15.72, a PEG ratio of 1.28 and a beta of 1.01.
A number of research analysts recently weighed in on the stock. Deutsche Bank cut shares of Chubb from a “hold” rating to a “sell” rating and lowered their target price for the company from $135.00 to $126.00 in a research note on Monday, August 13th. Atlantic Securities upgraded shares of Chubb from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 27th. Barclays lowered their target price on shares of Chubb from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Zacks Investment Research cut shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $159.45.
In other Chubb news, CEO Evan G. Greenberg sold 227,994 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total value of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now owns 202,794 shares in the company, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,093 shares of company stock worth $34,089,733. Corporate insiders own 0.44% of the company’s stock.
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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