Chubb Limited (NYSE:CB) to Issue $0.91 Quarterly Dividend

Chubb Limited (NYSE:CB) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th.

Chubb has increased its dividend by an average of 4.1% annually over the last three years and has increased its dividend every year for the last 31 years. Chubb has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.3 %

Shares of CB opened at $285.34 on Friday. Chubb has a 12-month low of $238.85 and a 12-month high of $302.05. The stock’s fifty day simple moving average is $271.02 and its 200-day simple moving average is $279.73. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth 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, research analysts predict that Chubb will post 21.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CB shares. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $295.73.

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.