Chubb (NYSE:CB – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.48, Zacks reports. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.71 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the company earned $6.14 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.
Chubb Stock Up 0.7%
CB stock opened at $355.04 on Wednesday. The stock has a 50-day simple moving average of $333.63 and a two-hundred day simple moving average of $326.34. Chubb has a twelve month low of $264.10 and a twelve month high of $365.29. The firm has a market capitalization of $137.71 billion, a PE ratio of 12.54, a PEG ratio of 1.83 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.
Chubb Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is presently 14.41%.
Analysts Set New Price Targets
Read Our Latest Stock Report on Chubb
Key Chubb News
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Chubb reported Q2 EPS of $7.26, beating estimates, with core operating income up 14.6% year over year and a P&C combined ratio of 83.8%, signaling strong underwriting profitability. Article Title
- Positive Sentiment: Net premiums written rose 3.6% to $14.7 billion, showing continued top-line growth across its property & casualty and life businesses. Article Title
- Positive Sentiment: JPMorgan raised its price target on Chubb to $370 from $340, reinforcing sentiment that the shares still have some upside despite the strong run. Article Title
- Neutral Sentiment: Several pre-earnings articles highlighted expectations for a solid quarter, while Barclays kept a Hold rating, suggesting the results were broadly in line with optimistic forecasts rather than a major surprise. Article Title
- Neutral Sentiment: Chubb also announced leadership changes at Tempest Re, but the move appears operational and is less likely to drive near-term stock performance. Article Title
Insider Activity
In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.
Institutional Trading of Chubb
Hedge funds and other institutional investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC lifted its stake in Chubb by 114.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,762 shares of the financial services provider’s stock worth $1,486,000 after purchasing an additional 2,543 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Chubb by 10.3% during the 4th quarter. Corient Private Wealth LLC now owns 446,080 shares of the financial services provider’s stock valued at $129,248,000 after purchasing an additional 41,562 shares in the last quarter. Royal Capital Wealth Management LLC purchased a new position in shares of Chubb during the 4th quarter valued at $211,000. Blue Sparrow LLC DE bought a new position in shares of Chubb in the fourth quarter worth $9,014,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Chubb by 23.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 100,848 shares of the financial services provider’s stock worth $32,402,000 after buying an additional 19,237 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.
Chubb Company Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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