Chubb Limited (NYSE:CB) Plans $0.91 Quarterly Dividend

Chubb Limited (NYSE:CB) declared a quarterly dividend on Thursday, November 21st,RTT News reports. Stockholders of record on Friday, December 13th will be given 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 dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th.

Chubb has increased its dividend by an average of 3.3% annually over the last three years and has increased its dividend annually for the last 31 consecutive years. Chubb has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 %

NYSE CB opened at $285.21 on Friday. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 6.62 and a beta of 0.67. The stock’s 50 day moving average price is $287.46 and its two-hundred day moving average price is $274.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb has a 52 week low of $216.90 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its 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. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.95 EPS. As a group, analysts anticipate that Chubb will post 21.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction 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 approximately $167,748,829.50. This represents a 4.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following 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. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $287.37.

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.