Chubb Corp. (NYSE:CB) – Equities research analysts at Langen Mcalenn increased their Q3 2016 earnings estimates for Chubb Corp. in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the firm will earn $2.80 per share for the quarter, up from their prior estimate of $2.63. Langen Mcalenn also issued estimates for Chubb Corp.’s FY2016 earnings at $9.67 EPS.
Chubb Corp. (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $2.25 EPS for the quarter, missing the Zacks’ consensus estimate of $2.45 by $0.20. The company had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.40 billion. Chubb Corp. had a return on equity of 9.92% and a net margin of 9.35%. Chubb Corp.’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.08 earnings per share.
A number of other brokerages have also commented on CB. MKM Partners reissued a “buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Chubb Corp. in a report on Friday, July 15th. BMO Capital Markets lowered Chubb Corp. from an “outperform” rating to a “market perform” rating and set a $136.00 price objective on the stock. in a report on Monday, July 11th. They noted that the move was a valuation call. Zacks Investment Research raised Chubb Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Chubb Corp. in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $131.67.
Shares of Chubb Corp. (NYSE:CB) traded up 0.77% on Friday, reaching $126.19. The company had a trading volume of 661,581 shares. The firm has a market capitalization of $58.69 billion, a PE ratio of 20.90 and a beta of 1.02. Chubb Corp. has a 12 month low of $106.82 and a 12 month high of $131.00. The company’s 50-day moving average is $125.49 and its 200 day moving average is $124.84.
Several hedge funds have recently made changes to their positions in the company. Pathstone Family Office LLC boosted its position in shares of Chubb Corp. by 47.8% in the second quarter. Pathstone Family Office LLC now owns 773 shares of the company’s stock worth $101,000 after buying an additional 250 shares during the last quarter. Motco boosted its position in shares of Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock worth $120,000 after buying an additional 31 shares during the last quarter. FNY Managed Accounts LLC boosted its position in shares of Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock worth $129,000 after buying an additional 237 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Chubb Corp. by 207.4% in the second quarter. Global X Management Co. LLC now owns 993 shares of the company’s stock worth $130,000 after buying an additional 670 shares during the last quarter. Finally, Cable Hill Partners LLC boosted its position in shares of Chubb Corp. by 4.6% in the second quarter. Cable Hill Partners LLC now owns 1,010 shares of the company’s stock worth $133,000 after buying an additional 44 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.
In other news, Director Robert W. Scully acquired 10,725 shares of Chubb Corp. stock in a transaction on Wednesday, August 3rd. The stock was bought at an average price of $125.95 per share, for a total transaction of $1,350,813.75. Following the transaction, the director now owns 5,779 shares of the company’s stock, valued at $727,865.05. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David H. Sidwell acquired 830 shares of Chubb Corp. stock in a transaction on Monday, September 26th. The stock was purchased at an average price of $124.90 per share, with a total value of $103,667.00. Following the transaction, the director now directly owns 7,386 shares in the company, valued at approximately $922,511.40. The disclosure for this purchase can be found here. 0.43% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 30th will be given a $0.69 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.20%. Chubb Corp.’s dividend payout ratio is currently 44.37%.
About Chubb Corp.
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial 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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