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 1.29%.

Chubb has raised its dividend payment by an average of 3.3% annually over the last three years and has increased its dividend every year for the last 31 years. Chubb has a payout ratio of 15.4% indicating that 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 Down 0.4 %

Shares of NYSE:CB opened at $282.81 on Thursday. The firm has a market cap of $114.00 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 6.62 and a beta of 0.67. Chubb has a 12 month low of $216.90 and a 12 month high of $302.05. The company’s fifty day simple moving average is $287.60 and its 200 day simple moving average is $273.95. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $14.16 billion. During the same period in the previous year, the company posted $4.95 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Chubb will post 21.77 EPS for the current fiscal year.

Insider Activity

In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were 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 of the company’s stock, valued at $167,748,829.50. The trade was a 4.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,715 shares of company stock valued at $23,803,540 over the last quarter. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on CB. Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Evercore ISI upped their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $287.37.

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.