William Blair Equities Analysts Lower Earnings Estimates for Chubb Limited (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities researchers at William Blair dropped their Q3 2024 EPS estimates for Chubb in a note issued to investors on Wednesday, July 24th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $4.62 for the quarter, down from their previous estimate of $4.66. William Blair has a “Underperform” rating on the stock. The consensus estimate for Chubb’s current full-year earnings is $20.97 per share. William Blair also issued estimates for Chubb’s Q4 2024 earnings at $5.80 EPS, FY2025 earnings at $20.60 EPS and FY2026 earnings at $20.10 EPS.

A number of other analysts have also recently weighed in on CB. Piper Sandler restated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Evercore ISI lifted their price target on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group raised their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods dropped their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $270.05.

Chubb Stock Up 0.6 %

CB opened at $261.65 on Friday. The firm has a market cap of $106.24 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 6.08 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.36. The business has a 50 day moving average price of $262.11 and a 200 day moving average price of $253.11. Chubb has a twelve month low of $198.10 and a twelve month high of $275.41.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $4.92 earnings per share.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Activity

In other news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

Institutional Trading of Chubb

Institutional investors have recently bought and sold shares of the business. Capital World Investors grew its position in shares of Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares during the period. Capital Research Global Investors raised its holdings in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Norges Bank bought a new position in shares of Chubb during the fourth quarter worth $957,756,000. Lazard Asset Management LLC grew its holdings in shares of Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after buying an additional 457,881 shares during the period. Finally, Raymond James & Associates increased its position in shares of Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after buying an additional 87,059 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.