$7.23 Billion in Sales Expected for Chubb Ltd (CB) This Quarter

Equities research analysts expect Chubb Ltd (NYSE:CB) to post sales of $7.23 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chubb’s earnings, with the lowest sales estimate coming in at $7.19 billion and the highest estimate coming in at $7.25 billion. Chubb posted sales of $7.59 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.7%. The business is scheduled to issue its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Chubb will report full-year sales of $7.23 billion for the current financial year, with estimates ranging from $30.10 billion to $30.94 billion. For the next fiscal year, analysts forecast that the business will post sales of $31.39 billion per share, with estimates ranging from $30.08 billion to $32.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Chubb.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.86. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter in the previous year, the company posted $2.72 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Several equities research analysts recently commented on CB shares. Wells Fargo & Co set a $169.00 target price on Chubb and gave the stock a “buy” rating in a report on Wednesday, November 29th. Goldman Sachs Group started coverage on Chubb in a report on Monday, December 4th. They set a “buy” rating and a $167.00 target price on the stock. UBS Group boosted their target price on Chubb from $160.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. raised Chubb from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $163.92.

In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the transaction, the insider now owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 95,761 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the transaction, the chief executive officer now directly owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CB. Welch Group LLC purchased a new position in Chubb during the 4th quarter worth approximately $110,000. Atlantic Trust LLC purchased a new position in Chubb during the 2nd quarter worth approximately $116,000. Horan Capital Advisors LLC. purchased a new position in Chubb during the 3rd quarter worth approximately $133,000. Covenant Multifamily Offices LLC purchased a new position in Chubb during the 4th quarter worth approximately $135,000. Finally, Zions Bancorporation grew its position in Chubb by 716.3% during the 3rd quarter. Zions Bancorporation now owns 1,151 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,010 shares in the last quarter. 88.54% of the stock is currently owned by institutional investors.

Shares of Chubb (NYSE CB) opened at $144.52 on Monday. Chubb has a twelve month low of $131.74 and a twelve month high of $157.50. The company has a market capitalization of $67,090.00, a P/E ratio of 17.65, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, December 29th were issued a $0.71 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.97%. Chubb’s dividend payout ratio is currently 34.68%.

Chubb declared that its board has initiated a stock buyback plan on Thursday, December 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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Chubb Company Profile

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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Earnings History and Estimates for Chubb (NYSE:CB)

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