Chubb Limited (NYSE:CB) Announces Quarterly Dividend of $0.91

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.91 per share by the financial services provider on Friday, April 4th. This represents a $3.64 annualized dividend and a yield of 1.33%.

Chubb has increased its dividend payment by an average of 4.1% annually over the last three years and has raised its dividend annually for the last 31 consecutive years. Chubb has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chubb to earn $25.14 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 14.5%.

Chubb Trading Down 1.4 %

Shares of CB stock opened at $273.47 on Thursday. Chubb has a 1 year low of $238.85 and a 1 year high of $302.05. The company’s fifty day simple moving average is $270.60 and its two-hundred day simple moving average is $279.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $110.24 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts anticipate that Chubb will post 21.52 earnings per share for the current year.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $295.73.

Chubb Company Profile

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.