Chubb Ltd (NYSE:CB) declared a quarterly dividend on Thursday, August 8th, RTT News reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.75 per share by the financial services provider on Friday, October 11th. This represents a $3.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 19th.
Chubb has raised its dividend payment by an average of 9.2% per year over the last three years and has increased its dividend every year for the last 53 years. Chubb has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Chubb to earn $11.09 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 27.1%.
Shares of CB opened at $159.72 on Wednesday. The company has a market capitalization of $72.45 billion, a PE ratio of 16.92, a PEG ratio of 1.53 and a beta of 0.69. Chubb has a 12 month low of $119.54 and a 12 month high of $162.19. The stock’s 50-day moving average price is $156.20 and its two-hundred day moving average price is $146.72. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.68 EPS. Equities research analysts predict that Chubb will post 10.4 EPS for the current fiscal year.
In other Chubb news, insider Paul Bennett Medini sold 2,125 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $153.72, for a total transaction of $326,655.00. Following the completion of the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul J. Krump sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $160.00, for a total value of $960,000.00. Following the sale, the insider now directly owns 112,865 shares of the company’s stock, valued at $18,058,400. The disclosure for this sale can be found here. Insiders sold a total of 19,125 shares of company stock valued at $3,010,555 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.
Several brokerages have commented on CB. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Barclays set a $185.00 target price on Chubb and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine downgraded Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co boosted their target price on Chubb from $157.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, Compass Point lowered Chubb from a “buy” rating to a “neutral” rating and decreased their target price for the company from $165.00 to $156.00 in a research report on Wednesday, May 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $153.00.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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