What is Zacks Research’s Forecast for Chubb FY2024 Earnings?

Chubb Limited (NYSE:CB) – Investment analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Chubb in a report released on Tuesday, November 12th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings of $21.64 per share for the year, up from their previous estimate of $21.38. The consensus estimate for Chubb’s current full-year earnings is $21.66 per share. Zacks Research also issued estimates for Chubb’s Q1 2025 earnings at $5.85 EPS, Q1 2026 earnings at $6.17 EPS, Q3 2026 earnings at $6.18 EPS and FY2026 earnings at $24.52 EPS.

A number of other equities research analysts also recently weighed in on CB. Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $287.37.

Chubb Price Performance

Shares of NYSE CB opened at $288.00 on Thursday. Chubb has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $116.09 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 6.64 and a beta of 0.67. The business has a 50-day moving average of $287.84 and a 200-day moving average of $272.77.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $4.95 EPS.

Hedge Funds Weigh In On Chubb

A number of hedge funds have recently made changes to their positions in the stock. Brophy Wealth Management LLC purchased a new stake in Chubb during the 3rd quarter worth $274,000. Raelipskie Partnership bought a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Barclays PLC boosted its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Continuum Advisory LLC boosted its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Finally, LRI Investments LLC boosted its stake in Chubb by 102.1% during the 3rd quarter. LRI Investments LLC now owns 2,742 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 1,385 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 86,636 shares of company stock valued at $24,874,208. Insiders own 0.86% of the company’s stock.

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.