Chubb Limited (NYSE:CB) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CB is expected to report 3Q20 income of $ 2.29 per share from revenue of $ 8156.12 million.
For the full year, analysts anticipate top line of $ 30830.90 million, while looking forward to income of $ 7.17 per share bottom line.
Previous Quarter Performance
Chubb Limited announced loss for the second quarter of $ 0.56 per share, from the revenue of $ 7,736.00 million. The quarterly revenues shrunk 0.36 percent compared with the same quarter last year. Street analysts expected Chubb Limited to report loss of $ 0.66 per share on revenue of $ 7696.00 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 15.15 percent, at the same time, top line results outshined analysts by $ 40.00 million or 0.52 percent.
Stock Performance
Shares of Chubb Limited traded up $ 1.39 or 1.09 percent on Friday, reaching $ 129.02 with volume of 1.21 million shares. Chubb Limited has traded high as $ 129.55 and has cracked $ 127.49 on the downward trend
According to the previous trading day, closing price of $ 129.02, representing a 46.11 % increase from the 52 week low of $ 87.35 and a 23.91 % decrease over the 52 week high of $ 167.74.
The company has a market capital of $ 58.24 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 132.00 target price.
- On 12th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.78 per share on August 12, 2020. The dividend were payable on October 9, 2020 to holders of record as of the close of business on September 18, 2020 and ex-dividend date on September 17, 2020.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The companys 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. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services in the United States and Canada.
