Chubb (NYSE:CB – Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34, Briefing.com reports. Chubb had a return on equity of 15.94% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the firm posted $4.92 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year.
Chubb Stock Performance
Shares of CB traded up $3.95 during midday trading on Thursday, hitting $263.99. 471,083 shares of the stock traded hands, compared to its average volume of 1,644,529. Chubb has a 1-year low of $198.10 and a 1-year high of $275.41. The firm has a market capitalization of $107.20 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The business’s 50 day moving average price is $262.18 and its two-hundred day moving average price is $253.05.
Chubb Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. Chubb’s payout ratio is 16.16%.
Insider Activity
Analyst Ratings Changes
CB has been the topic of a number of recent analyst reports. HSBC reaffirmed a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada lifted their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Finally, Bank of America lifted their price target on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $270.05.
Check Out Our Latest Research Report on CB
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.
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