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

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

Chubb Stock Down 1.5 %

NYSE CB traded down $4.03 during trading on Tuesday, reaching $272.46. The company’s stock had a trading volume of 1,500,623 shares, compared to its average volume of 2,000,552. The business has a 50-day moving average price of $276.00 and a 200-day moving average price of $279.12. Chubb has a 1-year low of $238.85 and a 1-year high of $302.05. The stock has a market capitalization of $109.83 billion, a PE ratio of 11.16, a PEG ratio of 7.23 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on CB. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities raised their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Finally, Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $288.17.

Check Out Our Latest Stock Analysis on CB

About Chubb

(Get Free Report)

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.

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Earnings History for Chubb (NYSE:CB)

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