Chubb Ltd (NYSE:CB) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.99%.
Chubb has increased its dividend by an average of 13.0% annually over the last three years and has raised its dividend every year for the last 52 years. Chubb has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. 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) opened at $143.07 on Friday. 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 $66,717.99, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95. Chubb has a one year low of $133.82 and a one year 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 (EPS) for the quarter, beating analysts’ consensus estimates 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%. Chubb’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.72 EPS. equities research analysts predict that Chubb will post 10.76 earnings per share for the current fiscal year.
A number of research firms have issued reports on CB. Keefe, Bruyette & Woods reissued a “buy” rating and set a $153.00 target price on shares of Chubb in a research note on Sunday, October 29th. Zacks Investment Research lowered shares of Chubb from a “buy” rating to a “sell” rating in a research note on Friday, January 5th. Royal Bank of Canada reissued a “buy” rating and set a $170.00 target price on shares of Chubb in a research note on Wednesday, January 31st. Bank of America upped their price target on shares of Chubb from $168.00 to $171.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $156.00 price target on shares of Chubb in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Chubb presently has an average rating of “Buy” and a consensus price target of $165.25.
Chubb declared that its board has initiated a share 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 purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In related news, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy Alan Boroughs sold 18,611 shares of the stock in a transaction that occurred 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 directly owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.thelincolnianonline.com/2018/02/23/chubb-ltd-to-issue-quarterly-dividend-of-0-71-cb.html.
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.
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.