Chubb Limited (CB) to Issue Quarterly Dividend of $0.91 on January 3rd

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, November 21st,RTT News reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.91 per share by the financial services provider on Friday, January 3rd. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th.

Chubb has increased its dividend by an average of 3.3% per year over the last three years and has increased its dividend annually for the last 31 consecutive years. Chubb has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Chubb to earn $23.10 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 15.8%.

Chubb Trading Up 0.0 %

Shares of CB stock opened at $285.21 on Friday. Chubb has a 12 month low of $216.90 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $287.46 and its two-hundred day moving average is $274.26. The company has a market cap of $114.97 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 6.62 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that Chubb will post 21.77 EPS for the current year.

Analysts Set New Price Targets

CB has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 4.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,715 shares of company stock worth $23,803,540. 0.86% of the stock is owned by corporate insiders.

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.