According to Zacks, “Chubb's shares have outperformed its industry in a year’s time. The company benefits from a suite of compelling products as well as services. Its inorganic growth story is impressive, helping it to achieve a higher long-term ROE. Increased scales, efficiencies and a solid balance sheet will lend it a competitive edge. It estimates solid growth in Overseas General operations, which includes both commercial and consumer lines. A strong capital position aids Chubb to boost shareholders’ value and invest in strategic initiatives for driving growth. However, exposure to cat loss remains a concern as it induces volatility in underwriting profitability. Also, mounting expenses weigh on margin expansion. Chubb Limited’s first-quarter 2019 core operating income of $2.54 per share outpaced the Zacks Consensus Estimate of $2.49 by 2% and also improved 8.5% year over year on the back of robust premium growth and net investment income.”
A number of other analysts have also issued reports on the company. Barclays lifted their price target on Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday. Sandler O’Neill lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Raymond James lowered their price target on Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, February 11th. Morgan Stanley lowered Chubb from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Credit Suisse Group lowered Chubb from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $141.00 to $131.00 in a research note on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $151.00.
Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.49 by $0.05. Chubb had a return on equity of 8.76% and a net margin of 11.55%. The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company earned $2.34 earnings per share. Research analysts anticipate that Chubb will post 10.53 earnings per share for the current year.
In related news, Director Michael G. Atieh sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $141.87, for a total transaction of $283,740.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of Chubb stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total value of $500,250.00. Following the transaction, the insider now owns 139,160 shares in the company, valued at approximately $20,178,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,329 shares of company stock worth $3,196,761. 0.47% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Claybrook Capital LLC purchased a new stake in Chubb in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. raised its position in Chubb by 114.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 117 shares during the period. Ascent Wealth Partners LLC purchased a new stake in Chubb in the first quarter valued at $28,000. Executive Wealth Management LLC purchased a new stake in Chubb in the fourth quarter valued at $29,000. Finally, Sageworth Trust Co purchased a new stake in Chubb in the first quarter valued at $29,000. Institutional investors own 88.50% of the company’s stock.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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