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

Chubb (NYSE:CB) released its earnings results on Tuesday. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate 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 Price Performance

Chubb stock traded down $4.03 during mid-day trading on Tuesday, reaching $272.46. 1,497,866 shares of the company were exchanged, compared to its average volume of 2,000,552. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb has a 12 month low of $238.85 and a 12 month high of $302.05. The firm has a market cap 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 fifty day simple moving average of $276.00 and a 200-day simple moving average of $279.12.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Company Profile

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.