- 1 The CB stock revenue and net income increased in comparison with the last quarter.
- 2 Chubb Limited (NYSE: CB) stock’s Earnings are very near and that might become a deciding factor for CB price next direction.
Chubb Limited (NYSE: CB) paid dividends to its shareholders, with a dividend yield of 1.57% for the trailing twelve months (TTM). Chubb last dividend payment was $0.86 per share, and the payout ratio was 24.06%. The payout ratio showed that the company distributed 24.06% of its earnings to its shareholders, and retained the rest for reinvestment.
The dividends were also consistent and reliable as they were supported by the Chubb stock’s earnings and cash flows. The company also increased its dividend amount from $2.90 to $3.29 in the past five years which showed its confidence in its future growth.
Moreover, the company also announced its projections for the next quarter which is around the corner. This might become a deciding factor for CB price next direction on the chart, expecting a revenue of $13.045 Billion and an EPS of $4.456. The next earnings report will be released on October 24th, 2023.
Will Earnings Decide Its Next Move?
Currently, CB stock is trading above the 20-day and near the 50-day exponential moving averages, which are barely supporting the price momentum at the moment and expecting a thrust in the market soon. Therefore, the upcoming earnings report might turn out to be the deciding factor in the price direction.
Nevertheless, as per the current sentiments on the chart, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. This pattern might help the price to swallow the rejecting hurdles and receive a thrust in price. Hence, the CB price is expected to move upward giving a bullish outlook over the daily time frame chart.
The current value of RSI is 51.08 points. The 14 SMA is at the median line at 54.39 points. This indicates that the CB stock is neither bullish nor bearish at the moment and can be considered neutral.
The MACD line at 1.53 and the signal line at 1.42 are above the zero line. A bullish crossover is observed in the MACD indicator which signals upcoming strength in the momentum of the stock price.
Furthermore, the stock has a positive and highly recommended rating based on 25 analysts who have analyzed the stock in the last three months. The 1-year price projection for the stock by 21 analysts lies between $194.00 to $270.00
Chubb Limited (NYSE: CB) is a dividend-paying stock with a considerably good dividend yield, the company has increased its dividend amount as well, when compared with the industry. Chubb also announced its projections for the next quarter, with increased EPS and revenue from the current quarter.
The next earnings report is very close and will be released on October 24th, 2023, and might decide the next move of the CB stock price. It is currently trading above the 20 and near the 50-day exponential moving averages. However, the stock has a positive and highly recommended rating based on 25 analysts who have analyzed the stock in the last three months.
Support Levels: $204 and $198
Resistance Levels: $217 and $222
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.