Chubb (NYSE:CB) Issues Quarterly Earnings Results

by · The Cerbat Gem

Chubb (NYSE:CBGet Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $6.82 EPS for the quarter, beating the consensus estimate of $6.58 by $0.24, FiscalAI reports. The business had revenue of $14.93 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Chubb had a return on equity of 14.42% and a net margin of 18.58%.During the same period last year, the firm earned $3.68 EPS.

Chubb Price Performance

Shares of Chubb stock opened at $325.67 on Thursday. The business’s fifty day moving average price is $329.12 and its 200 day moving average price is $309.37. Chubb has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $127.09 billion, a P/E ratio of 11.50, a PEG ratio of 1.75 and a beta of 0.49.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 13.70%.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 44,877 shares of company stock worth $14,885,226 over the last three months. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Chubb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after buying an additional 68,553 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. GQG Partners LLC raised its position in shares of Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. Bank of America Corp DE lifted its stake in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Chubb by 51.6% in the fourth quarter. AQR Capital Management LLC now owns 4,241,881 shares of the financial services provider’s stock worth $1,323,976,000 after purchasing an additional 1,443,335 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. Wells Fargo & Company set a $333.00 price objective on shares of Chubb in a research note on Thursday. Barclays boosted their price objective on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $347.95.

Read Our Latest Stock Report on CB

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

  • Positive Sentiment: Q1 operating beat — Chubb reported core operating income and EPS that topped consensus, with consolidated net premiums written up ~10.7%, strong P&C underwriting income and a reported P&C combined ratio of ~84.0%, supporting underlying profitability. Chubb press release
  • Positive Sentiment: Underwriting & earnings strength highlighted by analysts and coverage pieces noting improved underwriting income, life investment income and revenue beats — supporting medium-term earnings power. Zacks: CB Q1 Earnings & Revenues Beat
  • Positive Sentiment: Some brokers raised targets — Barclays nudged its PT to $375 and Citizens JMP raised its target to $365, signaling that a number of analysts still see upside from current levels. Barclays price-target note
  • Neutral Sentiment: Earnings-call and transcript coverage are available for investor review — useful for parsing management’s forward commentary on pricing and exposure but not immediate market-moving facts by themselves. Seeking Alpha: Q1 call transcript TipRanks: earnings-call highlights
  • Negative Sentiment: Investor concern over softening property-insurance market — CNBC and other coverage emphasize management comments and market signals that coverage rates are easing, competition is increasing and pricing momentum could slow, which is why the stock fell despite the headline beats. CNBC: Here’s why the stock is falling
  • Negative Sentiment: GAAP noise and realized losses — some reports note a GAAP EPS miss driven by higher realized losses, which clouds the headline operating beat and raises near-term earnings volatility concerns. Seeking Alpha: GAAP EPS miss
  • Negative Sentiment: Mixed analyst signals — Cantor Fitzgerald reaffirmed a neutral rating with a sub-current price target (~$315), adding to short-term pressure from differing sell‑side views. Benzinga: Cantor Fitzgerald note

Chubb Company Profile

(Get Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

Further Reading