Chubb Ltd (NYSE:CB) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Stockholders of record on Thursday, March 29th will be given a dividend of 0.71 per share by the financial services provider on Friday, April 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.97%.
Chubb has raised its dividend by an average of 13.0% annually over the last three years and has increased its dividend annually for the last 52 consecutive years. Chubb has a payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chubb to earn $11.28 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 25.2%.
Chubb (NYSE CB) traded up $0.75 during trading hours on Thursday, hitting $144.47. 809,151 shares of the stock traded hands, compared to its average volume of 1,924,414. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.29. The stock has a market cap of $66,720.00, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.95. Chubb has a 52-week low of $133.82 and a 52-week high of $157.50.
Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.86. The firm had revenue of $7.05 billion during the quarter, compared to analyst estimates of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.72 EPS. equities research analysts forecast that Chubb will post 10.76 EPS for the current year.
Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “buy” rating and set a $169.00 target price on shares of Chubb in a report on Tuesday, January 30th. Zacks Investment Research raised shares of Chubb from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised shares of Chubb from a “neutral” rating to an “overweight” rating in a report on Wednesday, November 8th. Finally, Citigroup boosted their price target on shares of Chubb from $167.00 to $173.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $165.25.
In other Chubb news, insider Timothy Alan Boroughs sold 18,611 shares of Chubb stock in a transaction on Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the sale, the insider now owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 95,761 shares of Chubb stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the sale, the chief executive officer now directly owns 1,367,229 shares in the company, valued at approximately $199,013,853.24. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.
Chubb declared that its board has authorized a stock repurchase plan on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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