Brokerages Anticipate Chubb Ltd (CB) Will Post Quarterly Sales of $7.72 Billion

Brokerages predict that Chubb Ltd (NYSE:CB) will announce $7.72 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Chubb’s earnings, with the highest sales estimate coming in at $7.82 billion and the lowest estimate coming in at $7.63 billion. Chubb posted sales of $8.06 billion in the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The company is expected to announce its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that Chubb will report full-year sales of $31.22 billion for the current financial year, with estimates ranging from $31.05 billion to $31.42 billion. For the next financial year, analysts expect that the business will post sales of $32.46 billion, with estimates ranging from $32.13 billion to $32.86 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Chubb.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.02. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.63 billion. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS.

A number of research firms recently commented on CB. Citigroup dropped their target price on shares of Chubb from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Zacks Investment Research downgraded shares of Chubb from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Wednesday, October 10th. ValuEngine raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Deutsche Bank downgraded shares of Chubb from a “hold” rating to a “sell” rating and dropped their target price for the company from $135.00 to $126.00 in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $158.56.

In related news, CEO Evan G. Greenberg sold 227,994 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the sale, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the sale, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 242,967 shares of company stock valued at $34,072,088. 0.44% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Atlantic Trust LLC acquired a new stake in shares of Chubb in the 2nd quarter worth $102,000. ELM Advisors LLC acquired a new stake in shares of Chubb in the 3rd quarter worth $103,000. Legacy Advisors LLC lifted its stake in shares of Chubb by 1,612.0% in the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 806 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Chubb in the 2nd quarter worth $127,000. Finally, Edge Wealth Management LLC acquired a new stake in shares of Chubb in the 2nd quarter worth $133,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Shares of NYSE CB traded down $0.59 during mid-day trading on Friday, reaching $131.17. The company had a trading volume of 1,388,699 shares, compared to its average volume of 1,698,123. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $60.08 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. Chubb has a 52-week low of $120.50 and a 52-week high of $157.50.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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