For its second fiscal quarter (ending June 30), Chubb Ltd (NYSE: CB) has reported a 27% increase in E.P.S. from $4.35 a year ago to $5.51 in the current quarter. This result exceeded the consensus estimate of $5.26 by $0.25. For the latest four quarters through June 30, E.P.S. were $23.88 versus $13.98 for the same period a year ago — an increase of 71%.
Recent Price Action
Chubb Ltd (NYSE: CB) stock rose modestly by 0.5% on 7/23/24. The stock closed at $263.25. However, this advance was accompanied by normal trading volume at 83% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
CB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Chubb has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Chubb has a good Appreciation Score of 72 and a good Power Rating of 83, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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