Zacks Research Comments on Chubb’s FY2024 Earnings (NYSE:CB)

Chubb Limited (NYSE:CB) – Equities researchers at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Chubb in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings of $21.64 per share for the year, up from their previous forecast of $21.38. The consensus estimate for Chubb’s current full-year earnings is $21.64 per share. Zacks Research also issued estimates for Chubb’s Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $4.95 earnings per share.

Several other analysts have also recently weighed in on CB. Royal Bank of Canada lifted their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Trading Up 0.2 %

Shares of Chubb stock opened at $283.46 on Thursday. The firm has a market cap of $114.26 billion, a PE ratio of 11.61, a PEG ratio of 6.64 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb has a 1 year low of $216.26 and a 1 year high of $302.05. The company has a 50 day simple moving average of $287.99 and a two-hundred day simple moving average of $272.59.

Hedge Funds Weigh In On Chubb

Institutional investors and hedge funds have recently modified their holdings of the company. Beacon Capital Management LLC raised its position in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the 1st quarter worth $25,000. Kozak & Associates Inc. acquired a new stake in shares of Chubb during the third quarter worth approximately $29,000. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth $26,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb in the third quarter worth $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by corporate insiders.

Chubb Company Profile

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.