Chubb (NYSE:CB – Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12, Briefing.com reports. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter in the previous year, the business posted $4.41 earnings per share. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis.
Chubb Trading Down 3.9 %
Chubb stock traded down $9.85 during trading on Wednesday, reaching $240.03. The company had a trading volume of 1,202,280 shares, compared to its average volume of 1,722,646. Chubb has a 12-month low of $183.71 and a 12-month high of $260.58. The stock’s 50 day moving average price is $252.64 and its two-hundred day moving average price is $235.15. The firm has a market capitalization of $97.45 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.
Chubb Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is currently 15.76%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on CB
Insider Activity at Chubb
In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by company insiders.
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.
Further Reading
- Five stocks we like better than Chubb
- Best Aerospace Stocks Investing
- High-Yield Texas Instruments Could Hit New Highs Soon
- What Are Dividend Challengers?
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- ESG Stocks, What Investors Should Know
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.