Chubb Ltd to Issue Quarterly Dividend of $0.71 (CB)

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.

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About Chubb

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.

Dividend History for Chubb (NYSE:CB)

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