Chubb (NYSE:CB) Posts Quarterly Earnings Results, Beats Expectations By $0.69 EPS

Chubb (NYSE:CB) posted its earnings results on Tuesday. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69, Zacks reports. Chubb had a net margin of 18.32% and a return on equity of 15.46%.

Chubb Stock Performance

Chubb stock traded down $4.03 during mid-day trading on Tuesday, reaching $272.46. 1,497,866 shares of the company’s stock were exchanged, compared to its average volume of 2,000,552. Chubb has a one year low of $238.85 and a one year high of $302.05. The business’s fifty day simple moving average is $276.00 and its 200 day simple moving average is $279.12. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $109.83 billion, a PE ratio of 11.16, a P/E/G ratio of 7.23 and a beta of 0.67.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. Chubb’s dividend payout ratio is currently 14.91%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CB shares. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $288.17.

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.