Analysts Expect Chubb Ltd (CB) to Post $2.58 Earnings Per Share
Equities analysts expect Chubb Ltd (NYSE:CB) to announce $2.58 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Chubb’s earnings. The highest EPS estimate is $2.73 and the lowest is $2.27. Chubb reported earnings per share of $2.48 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Chubb will report full-year earnings of $10.76 per share for the current fiscal year, with EPS estimates ranging from $10.00 to $11.10. For the next fiscal year, analysts anticipate that the firm will post earnings of $11.28 per share, with EPS estimates ranging from $9.90 to $11.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Chubb.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.86. The company had revenue of $7.05 billion for the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 EPS.
Chubb (NYSE CB) opened at $143.66 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.23. The firm has a market cap of $67,089.37, a PE ratio of 17.64, a P/E/G ratio of 1.34 and a beta of 0.95. Chubb has a fifty-two week low of $132.97 and a fifty-two week high of $157.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, December 28th. Chubb’s dividend payout ratio (DPR) is presently 34.63%.
Chubb announced that its board has approved a stock buyback plan on Thursday, December 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the sale, the insider now directly owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the sale, the chief executive officer now directly owns 1,367,229 shares in the company, valued at $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Welch Group LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $110,000. Atlantic Trust LLC purchased a new stake in shares of Chubb in the second quarter worth about $116,000. Horan Capital Advisors LLC. purchased a new stake in shares of Chubb in the third quarter worth about $133,000. Covenant Multifamily Offices LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $135,000. Finally, Zions Bancorporation lifted its holdings in shares of Chubb by 716.3% in the third quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,010 shares in the last quarter. 87.40% of the stock is currently owned by hedge funds and other institutional investors.
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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