Chubb Corp. (NYSE:CB) – Analysts at Langen Mcalenn decreased their Q1 2017 earnings estimates for shares of Chubb Corp. in a report issued on Friday. Langen Mcalenn analyst L. Greenberg now expects that the brokerage will earn $2.40 per share for the quarter, down from their previous estimate of $2.53. Langen Mcalenn also issued estimates for Chubb Corp.’s Q2 2017 earnings at $2.61 EPS and Q3 2017 earnings at $2.83 EPS.
Several other research firms have also issued reports 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 research note on Friday, July 15th. BMO Capital Markets downgraded 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 upgraded 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 stock a “buy” rating in a report on Monday, September 12th. Finally, Barclays PLC lifted their price objective on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $132.14.
Chubb Corp. (NYSE:CB) opened at 127.51 on Monday. The firm has a market cap of $59.33 billion, a PE ratio of 17.08 and a beta of 1.02. The firm has a 50-day moving average price of $124.89 and a 200-day moving average price of $125.29. Chubb Corp. has a one year low of $106.82 and a one year high of $131.00.
Chubb Corp. (NYSE:CB) last issued its earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.30. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The business earned $7.57 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, September 30th were given a $0.69 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $2.76 annualized dividend and a yield of 2.16%. Chubb Corp.’s dividend payout ratio (DPR) is presently 36.90%.
In other Chubb Corp. news, EVP Sean Ringsted sold 15,570 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $125.00, for a total transaction of $1,946,250.00. Following the completion of the sale, the executive vice president now directly owns 169,762 shares in the company, valued at approximately $21,220,250. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert W. Scully bought 10,725 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average price of $125.95 per share, with a total value of $1,350,813.75. Following the completion of the purchase, the director now owns 5,779 shares in the company, valued at approximately $727,865.05. The disclosure for this purchase can be found here. 0.43% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in CB. Pathstone Family Office LLC raised its stake 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 in the last quarter. Enterprise Financial Services Corp raised its stake in Chubb Corp. by 1.8% in the third quarter. Enterprise Financial Services Corp now owns 941 shares of the company’s stock valued at $118,000 after buying an additional 17 shares during the period. Motco raised its stake in Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock valued at $120,000 after buying an additional 31 shares during the period. FNY Managed Accounts LLC raised its stake in Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock valued at $129,000 after buying an additional 237 shares during the period. Finally, Global X Management Co. LLC raised its stake in Chubb Corp. by 207.4% in the second quarter. Global X Management Co. LLC now owns 993 shares of the company’s stock valued at $130,000 after buying an additional 670 shares during the period. Institutional investors and hedge funds own 87.11% of the company’s stock.
Chubb Corp. Company Profile